Why I Invest With BlockFi
Cryptocurrency is in an odd position. On one hand, it has never been hotter. There are thousands of digital coins in use right now, and the variety goes far beyond Bitcoin. But on the other hand, there are still rumors that it’s a bogus idea that should be ignored. In my opinion, falling for those rumors is a huge mistake! Not only is crypto here to stay, but now is also the perfect time for people like you to jump on the bandwagon and take advantage of its returns.
Crypto is in the middle of a bull market. The cryptocurrency exchange platform Coinbase went public in April and its share price hit $429 on its first day, valuing the company at over $100 billion. Around the same time, Bitcoin valuations climbed above $63,000. Clearly, the concept has traction.
If that’s not convincing enough, just look at how the largest tech companies are reacting to Cryptocurrency. Facebook plans to launch its own digital currency, Libra, sometime this year. Cutting-edge companies like Tesla, Square, and MicroStrategy are also betting big on the future of digital currency and converting cash reserves to crypto.
This is an exciting time in the investment world, and you don’t have to own a large company to take advantage of it. You can invest in cryptocurrency right now and immediately enjoy a high interest rate on your cash — much higher than you’ll find at most banks.
The easiest way to do that is to use a platform like BlockFi, which is basically a bank for cryptocurrency. When you buy in, you can convert your cash to crypto and earn up to 8.6% APY. You can also borrow cash and buy or sell crypto on the platform. My family and I are already investing with BlockFi. Ark Invest CEO Cathie Wood, who predicted the rise of Tesla, says crypto could soon be a key part of the average portfolio. In her vision of the future, strong portfolios will be 60% equity, 20% bonds, and 20% crypto. Investing now will give you a head start.
Some large companies like PayPal and Visa already accept cryptocurrency as a form of payment, and it won’t be long before Sklar Technology Partners joins their ranks. We plan to stay on the cutting edge of digital innovation — and in 2021, that means embracing cryptocurrency!
-Randy Sklar
I’m not an financial advisor and this is not financial advice. This article references an opinion and is for information purposes only. Just because I invest in something, like crypto, doesn’t mean you should. Always do your own research, contact a licensed investment advisor if you have questions, and never invest with money you cannot afford to lose.
