Earning 9% on Cash, Investing in Crypto and Trading Options with Zac Prince, BlockFi CEO

#8: Crypto expert Zac Prince, joins Chris to talk about how to earn 9% interest on cash through crypto stablecoins. They also discuss Zac’s favorite investing hacks, his crypto portfolio advice, Bitcoin, Ethereum and other different crypto tokens Zac invests in. Zac Prince (@blockfizac) is the CEO of BlockFi, a crypto-first banking platform that lets you earn interest, borrow cash, and trade crypto. BlockFi is one of the fastest growing fintech companies ever and currently lets you earn up to 9% on your cash using crypto.  [Note: Since this episode aired, BlockFi has halted withdrawals and I can no longer recommend using them, but I've decided to keep the episode up] Full show notes available at: https://www.allthehacks.com/blockfi-zac-prince   Partner Deals For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Connect with Zac : Twitter | LinkedIn Get your bills negotiated: BillShark | Trim Grow your wealth: $5,000 Managed Free at Wealthfront Options Income Strategies: Article from SeekingAlpha   Full Show Notes (01:42) How Zac ended up running BlockFi (03:35) How BlockFi pays high interest rates on cash (06:50) Risks of putting money in a BlockFi account (08:09) How BlockFI lends out about $70-80 for every $100 (09:31) BlockFi automation and risk reduction for bitcoin (11:08) BlockFi's uniqueness in interest-paying platforms (13:09) DeFi vs. BlockFi: Comparing payout potentials (14:30) BlockFi's scale and valuation journey (15:27) Should crypto be part of your investment? (18:45) Mainstream adoption timeline for cryptocurrency (21:42) Traditional banks and their crypto hesitations (23:06) Stock options: Leveraging for wealth growth (27:21) Credit score's role in saving money (28:17) Outsourcing bill negotiation for savings (29:32) The world’s first Bitcoin rewards credit card (34:14) Navigating cryptocurrency variety: Three categories (35:46) Exploring stablecoin applications (36:19) BlockFi CEO’s cryptocurrency portfolio (37:04) Ethereum: Betting on the blockchain future Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.