It doesn’t take a master’s degree in economics to see that there are issues with the traditional financial system. What’s more, “active income” is by its very definition labor intensive and hard to scale - after all, there are only so many hours in the day. As such, people from all walks of life are looking for that side hustle that will give them the financial freedom to do the things they want to do in life, on their own terms - and set up a so-called “passive income”. What’s more, there are naturally ways to have a passive income in crypto too. This is why we’ve provided you with 5 ways to make a passive income with crypto, so that you can gain an insight into how people make their money work for them, in a blockchain setting.
Have you been keeping an eye on the cryptocurrency market these past few weeks? If you have, you’ll know that the crypto market has been pushing towards its all-time high. Although the price of Bitcoin has recently seen a slight correction, interest in crypto and altcoins is already higher than in a long time. As such, you might be interested in earning a passive income with crypto. Perhaps you already have some Bitcoin and are now looking to diversify your portfolio? As many see the beginning of a bull run, people are looking to learn how to earn a passive income with Ethereum - the foundation of decentralized finance - to make gains whilst they sleep.
There are essentially two types of income people can make; active income or passive income. Every day, billions of people go to work to earn an active income, trading their time for money. This is something most of us are all too familiar with and something that can be hard to scale, as you basically need to trade more of your time to make more money. The flip side to this is making a passive income - where your income isn’t directly correlated to the time or resources you expend. Setting up a passive income is arguably the ultimate goal for those who wish to achieve financial freedom and independence. The advent of the cryptocurrency industry is providing some interesting new opportunities for making a passive income. Let’s take a look at how to earn a passive income with Cardano!
The cryptocurrency industry, and consequently the decentralized finance space, have evolved beyond what many initially thought possible. What’s more, a growing number of hedge fund managers, institutional investors, and governments have given the green flag for crypto to thrive. With that said, many are yet to realize cryptocurrency and DeFi’s full potential. Although Bitcoin is hitting the headlines, understanding how to make a passive income with DeFi is often seen as a complex, high-risk endeavor. Read on for an easily understood breakdown of how to make a passive income with decentralized finance!
Anyone who has ever had a job will know that it can be extremely hard to scale your income. Working means you are earning an active income - and you have to trade your time and energy for compensation. Passive income, on the other hand, is when you have income streams that are essentially effortless. The advent of cryptocurrency and Bitcoin have led a growing amount of people to look into how to earn passive income with crypto. This article takes a look at the four main ways how to earn a passive income with Bitcoin in 2020.