Times are tough in the risky world of crypto lending.
Before the market began to freeze over, Craig Bowman estimates he was making the equivalent of 25,000% annually by lending out his crypto holdings. Now, he says, his returns have collapsed – yet he’s pressing on anyway.
Enjoying Bloomberg Wealth?
To read more articles based on your personal financial goals, answer these 3 questions that will tailor your reading experience.
While most investors who bet on crypto own Bitcoin, Ether or ETFs, Bowman is part of a vast network around the world that have used their crypto assets to earn outsized interest. It’s difficult to determine exactly how much money is involved, but as recently as this year - before the market's steep decline -- it ran into the hundreds of billions.
There are various ways to do it, including yield farming and staking, which involves using coins to help process orders on a blockchain.
These practices were wildly popular until the recent selloff. Of particular...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...