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RE: LEO Roundtable #26: CBDCs, Earning Interest on Bitcoin and Where is Hive Going?

in LeoFinance3 years ago

Hey @rollandthomas Khal didn't do the best job explaining the counter party risk of using Blockfi. The risk is with using a USA company to custody your Bitcoin after KYC'ing yourself. Remember the 1934 Gold Reserve Act? I would advise 0% allocation into trying to get yield for giving someone else custody of your Bitcoin. If you want to get aggressive, I don't think you could go too wrong with allocating 8-15% of your btc across many different yield earning services.

(not financial advice, I am not a lawyer)

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