Zac Prince, Co-Founder & CEO of BlockFi: The Future of Crypto Lending

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 15 September 2019

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Zac Prince is the co-founder & CEO of BlockFi. In this conversation, Zac and Anthony Pompliano discuss lending in the crypto markets, how to earn 6-8% interest on your Bitcoin and Ether, why BlockFi just removed their account minimums and fees, and what Zac is excited about moving forward. BLOCKFI-----BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. COINMINE-----The Coinmine One is like an Xbox that turns your electricity into Bitcoin. You just plug it in, connect to wifi, and tap on the crypto you want. It’s so easy anyone can do it. Everything is controlled from the Coinmine mobile app and the Coinmine keeps getting better with over the air updates that add new coins, features and services to your Coinmine. Visit coinmine.com/pomp to get a Coinmine and earn crypto for powering a new world. ETORO ----- This episode of Off the Chain is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join 11 million other traders and create an account at etoro.com and build your crypto portfolio the smart way.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to Off the Chain, simply the best podcast in crypto. Let's kick this thing off.
0:12.4	Zach Prince is the co-founder and CEO of BlockFi. In this conversation, we discuss lending in the crypto markets, how to earn 6 to 8% interest on your Bitcoin and Ether, why BlockFi just removed their account minimums and fees, and what Zach is excited about moving forward.
0:30.6	I really enjoyed this conversation, and I hope you do as well.
0:35.6	As many of you know, crypto investors store their digital assets on exchanges or in cold storage for long-term safekeeping.
0:42.0	However, this strategy doesn't help them grow their investment holdings or build overall wealth.
0:46.6	With the new BlockFi interest account, users can now securely store their Bitcoin or Ether at BlockFi and received 6% annual interest paid monthly in
0:55.2	cryptocurrency.
0:56.4	6% is an absurdly high rate.
0:59.1	It's the best rate in the industry.
1:00.9	I highly suggest you go check out blockfi.com slash pomp.
1:04.2	Again, that's blockfi.com slash pomp to sign up and start earning crypto today.
1:09.5	Anthony Pompliano is a partner at Morgan Creek Digital.
1:12.8	All opinions expressed by Pomp or his guests on this podcast are solely their opinions
1:17.1	and do not reflect the opinions of Morgan Creek Digital or Morgan Creek Capital Management.
1:21.7	You should not treat any opinion expressed by Pomp as a specific inducement to make a particular investment
1:27.1	or follow a
1:28.3	particular strategy, but only as an expression of his opinion. This podcast is for informational
1:33.7	purposes only. Everyone to get into mining and didn't know how, don't worry, your boy Pomp's
1:39.4	got you. Everybody got some electricity and Wi-Fi. All you got to do is go to coinmine.com. You buy a coin mine.
1:46.8	It's like an Xbox or a PlayStation that helps you turn your electricity into Bitcoin.
1:51.4	That's right. You purchase it. It shows up at your doorstep. You pull it out of the box.
1:56.0	You plug it in, connect to your Wi-Fi, five minutes or less, you're mining Bitcoin.
	...

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