Tuesday, February 02, 2021

My Free Sats from Fold Now on Deposit at BlockFi

I got this email about one hour ago:

This email came from BlockFi to acknowledge that a deposit of 50,000 satoshis is heading for my interest account there. At this moment, the U.S. Dollar value is approximately $17.50. When it confirms (settles) in my BlockFi account, it will immediately begin earning 6% annually, paid in Bitcoin. 

The source of this was the Fold app, and I paid nothing for these sats. They're 100% free. Now they're earning passive income for me.

I've written about Fold before, and it's available to you, too (so is BlockFi, for that matter). 

Satoshis/Bitcoin deposited on BlockFi, which has asset-backed lending features, creates the potential for you to gather a valuable resource that you never need to sell, yet from which you can still raise cash if/when needed. It's a powerful combination (I pretty much invest in nothing but stuff that can be collateralized for this reason).

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