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Open a Crypto Savings Account for Passive Income

“If you don’t find a way to make money while you sleep, you will work until you die”…

That’s sage advice from super-investor Warren Buffett. Now 90 years old, he’s the world’s sixth-richest man.

And he believes one of the secrets to being wealthy is setting up multiple passive income streams. Money that just keeps accumulating… without you having to lift a finger… day and night.

Traditionally, you get income as an investor by buying dividend stocks. They dispense some of a company’s earnings to shareholders every year in cash.

Bonds are another popular choice. They’re also called “fixed income,” because they pay out an income stream in cash every year.

But as I (Chris Lowe) showed you yesterday, you can now pick up income streams on cryptocurrencies such as bitcoin (BTC) that dwarf the income on stocks and bonds.

Today, I’ll continue that discussion… I’ll show you how colleagues Teeka Tiwari and Greg Wilson are blowing the doors off with their recommendations at our Palm Beach Crypto Income advisory.

And I’ll show you how the income available is being supercharged by the long-term rally in bitcoin and other cryptocurrencies.

Teeka and Greg’s results so far have been jaw-dropping…

Of the 31 open crypto income recommendations in the model portfolio, the average yield is 9.7%.

The U.S. 10-year Treasury note and the average dividend yield on the 500 stocks listed on the S&P 500 each yield about 1.5% right now.

So Teeka and Greg’s readers have had the chance at a yield 6x higher than that on these traditional alternatives.

And it’s 69x what you’ll get on your savings in the bank. The average rate on a 1-year CD is currently a measly 0.2%.

But that’s not all…

Teeka and Greg have given their readers the chance to make gains of 1,752%… 2,714%… even 5,175% as the cryptos they recommend shoot up in value versus the dollar.

And the average gain across the 31 open recommendations is 629%.

You can find out how to join their growing group of crypto income pioneers here.

Today, we’ll zero in on one of the simplest ways to start making money while you sleep – opening a crypto savings account.

Take crypto lender BlockFi…

It pays to borrow cryptos from investors who own them and lends these cryptos out to other investors. It’s similar to a traditional bank, just with crypto.

With a BlockFi savings account, you can use cryptocurrency to earn yields of up to 9.3% a year.

These accounts are called BlockFi Interest Accounts. And they pay annual rates that dwarf those available on popular mainstream financial assets…

You just deposit your crypto… and let compounding work its magic.

Even better, you get paid income in crypto…

If you deposit bitcoin in a BlockFi Interest Account, your income payments are in bitcoin.

If you deposit ether (ETH), the world’s second-most valuable crypto, you earn ether.

If you deposit PAX Gold (PAXG), you earn PAXG. (As PAXG is backed by physical gold in Brink’s vaults, this is the equivalent of earning income in gold.)

…And so on.

It’s another thing that sets crypto income apart from the kind of income available on stocks, bonds… or even something like rental properties.

All these traditional sources of income are paid in U.S. dollars. And the Fed is printing these dollars at an unprecedented rate to try to fight the COVID-related economic slump. This is diluting the dollar’s value.

Meanwhile, bitcoin and other cryptocurrencies are soaring.

From its low last March, bitcoin is up 1,073%. And ether is up 1,508%.

These gains act like rocket fuel for income you get paid as a bitcoin or ether lender.

Let’s say you bought one bitcoin this time last year…

And let’s say you deposited it straight away in a BlockFi Interest Account paying 6%.

One bitcoin was trading for $8,775 on March 4, 2020. Today, it trades for $48,121.

So although you’re still earning the same 6% a year in bitcoin… your bitcoin income has gone from being worth $527 to $2,972 in U.S. dollar terms.

On your initial cost of $8,775 for one bitcoin, that’s now a rate of 33% in dollar terms.

The same thing has happened at Palm Beach Crypto Income

As I noted up top, Teeka and Greg have recommended income plays on cryptos that have rocketed higher in value versus the dollar.

This has sent the yields their readers have been able to lock in shooting higher.

I caught up with Greg about it earlier this week. Here’s how he explained it…

In March 2019, Teeka and I recommended an income play on a cryptocurrency called Tezos (XTZ). It was trading at $0.49. Today, it trades at $3.82. So it’s appreciated against the dollar by more than 700%.

That’s great news for readers who followed our recommendation. When you get paid in a cryptocurrency that’s shooting up against the dollar by hundreds of percent, your yield is shooting up, too.

Our yield on cost on Tezos is now more than 40%. That’s what makes crypto income so powerful. Of course, it’s worth mentioning that also works in reverse. When the prices go down, that hurts you. But overall, it’s been a great tailwind for our readers’ wealth.

I know this is a lot to take in…

This is a brand-new kind of market. It’s going to take time to wrap your head around it… and the opportunity it presents.

BlockFi has a useful resource center on its website. It’s a good place to find out more about interest-bearing crypto accounts… and how you can use them to set up passive income streams of your own.

Just remember… crypto is a highly speculative market. Prices bounce around a lot. Teeka recommends you put no more than 2% of your liquid wealth into these opportunities.

That may not sound like a lot. But when your gains are as high as Teeka’s have been… you don’t need to begin with a huge stake to have a real shot at making transformative wealth.

Again, to find out how to join Teeka and Greg at Palm Beach Crypto Incomego right here.

Regards,

Chris Lowe
March 4, 2021
Bray, Ireland