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Episode 145 – Generating Yield on Bitcoin with BlockFi

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Manage episode 288148636 series 160505
Content provided by James Laws & Jean Galea, James Laws, and Jean Galea. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Laws & Jean Galea, James Laws, and Jean Galea or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In today’s episode, we speak to Shayne Mullen from BlockFi, which is one of the biggest crypto borrowing and lending platforms in the world and has grown tremendously over the past year.

BlockFi offers several products in the crypto space:

  • Crypto lending and yield generation
  • Borrowing facilities in USD, with crypto as collateral
  • Crypto trading
  • Credit card with crypto-denominated rewards

If you’re interested in generating yields on your crypto holdings, this episode is for you.

And if you’re a long-time hodler, you should probably also look into the possibility of obtaining a loan from BlockFi by using that crypto as collateral. This is a very efficient tax strategy as it avoids you having to sell your cryptos and thus triggering capital gains tax which can be a hefty burden and decimate your holdings.

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  continue reading

193 episodes

Artwork
iconShare
 
Manage episode 288148636 series 160505
Content provided by James Laws & Jean Galea, James Laws, and Jean Galea. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Laws & Jean Galea, James Laws, and Jean Galea or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In today’s episode, we speak to Shayne Mullen from BlockFi, which is one of the biggest crypto borrowing and lending platforms in the world and has grown tremendously over the past year.

BlockFi offers several products in the crypto space:

  • Crypto lending and yield generation
  • Borrowing facilities in USD, with crypto as collateral
  • Crypto trading
  • Credit card with crypto-denominated rewards

If you’re interested in generating yields on your crypto holdings, this episode is for you.

And if you’re a long-time hodler, you should probably also look into the possibility of obtaining a loan from BlockFi by using that crypto as collateral. This is a very efficient tax strategy as it avoids you having to sell your cryptos and thus triggering capital gains tax which can be a hefty burden and decimate your holdings.

Links

  continue reading

193 episodes

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