Find out by reading’s Ric’s new book: The Truth About Crypto
Ric Edelman: You're listening to The Truth About Your Future. We talk often about crypto. One of the big problems with Bitcoin and pretty much every cryptocurrency, crypto asset, digital asset, whatever you want to call it - one of the big problems? They don't generate any income. You know, with most stocks, they pay a dividend. With most real estate, there's rental income. Most investments have growth potential, but also income potential. There isn't any with bitcoin. The only reason to buy bitcoin is because you think it'll rise in value. Well, it may or may not rise, but wouldn't it be cool if you got income while you're waiting? Doesn't exist. It's not a feature of bitcoin or other digital assets. But there is a way that you can earn income from your digital assets. It's called yield farming and there are two ways that it works. You can lend your bitcoin to others who will pay you interest, and you can use your digital assets in something called staking, which is where you use your coins to help operate the system. Whether you're engaging in lending or in staking, the income you can earn can be anywhere from 4% to 10% per year. That compares pretty favorably to both dividend paying stocks, investment rental income and bank accounts. So talk to your financial advisor about lending or staking your digital assets. And if you'd like to learn more about this subject, read my book, The Truth About Crypto. The Truth About Crypto is my straightforward practical guide to introduce you to the most profound innovation for commerce since the invention of the Internet.
Blockchain technology is going to add $2 trillion to the world's economy this decade. I'm the number one New York Times bestselling author, and my new book shows you how you can engage in today's new investment marketplace. The Truth About Crypto, it's fun to read, easy to understand. Most importantly, it gives you the sound, practical information you need to succeed with this new asset class. I cut through the jargon to reveal why blockchain is so transformative and how it works. A must-read guide if you want to achieve investment success today. Order your copy of the truth about crypto right now at your favorite bookseller.