I remember finding a handful of coins in the change slot of an old pay phone like it was yesterday.
Except that $2.80 “jackpot” occurred decades ago when I was in grade school.
You might have similar memories…
Perhaps, you found a stray $20 bill on the sidewalk… got comped a free round of golf at a local municipal course… or won a free turkey at Thanksgiving.
Or maybe you checked the change slots of soda machines… and pushed the button of your favorite soda, just in case…
Finding – or receiving – something for free is memorable.
Most of the time, it provides instant gratification. But then, while not forgotten, the freebie is materially gone in no time.
Now, what if I told you there was a way to earn something free that had tremendous growth potential?
And as part of that upside, you’d get paid an ample interest rate to hold on to that freebie.
I’m talking about bitcoin.
I’ve found a way to earn free bitcoin. Plus, this method allows you to earn compound interest on the free bitcoin, in bitcoin, along the way.
Bitcoin has the best risk/reward setup of any asset today.
Over the last decade, bitcoin has been 2.3x as volatile as the S&P 500. But it has delivered an annualized return of 215% versus the S&P 500’s 14% – or more than 15x the S&P 500’s return, on average, each year.
So, if you can earn free bitcoin, it’s an opportunity you should consider.
A “Crypto” Credit Card
BlockFi, a leading crypto lending and interest platform, plans to roll out its BlockFi Bitcoin Rewards Credit Card in the weeks ahead.
On one hand, the credit card works just like any other credit card would. You pay for stuff in dollars. On the other hand, instead of cash-back, airline miles, or grocery points rewards, you earn bitcoin.
So, you can go about your daily life. Spend money on basic items like food and fuel. And build a position in bitcoin – essentially for FREE – in the process.
As BlockFi’s Co-Founder and CEO Zac Prince said:
Our new credit card is going to be a major disruptor in the crypto industry, making it easier and more convenient than ever before for anyone to earn bitcoin while engaging in day-to-day transactions.
Here are the key details:
- It can be used wherever Visa is accepted.
- There are no fees to use the card.
- In the first 90 days you’ll earn 3.5% bitcoin back on purchases up to $100.
- After 90 days you’ll earn 1.5% bitcoin back on every purchase indefinitely.
- For every dollar you spend over $50,000 (annually), you’ll earn 2% bitcoin back.
- And you’ll also earn crypto interest on your bitcoin rewards.
In addition to these bitcoin rewards, BlockFi is also offering stablecoin, trading, and referral bonuses.
And on top of that, the card provides additional benefits from Visa, like car rental upgrades, preferred hotel accommodations, shopping deals, and more.
Here’s a sneak peek of the card, which is metal and features the bitcoin logo.
With unique benefits like these, the BlockFi Visa card is like having a crypto exchange in your pocket.
You buy groceries. You swipe your card. You’re rewarded with bitcoin.
And once that bitcoin hits your BlockFi account, you start earning up to 5% compound interest on it, paid out in more bitcoin.
You don’t need to hold any assets (cash, bitcoin, or other cryptos) at BlockFi to take advantage of it.
How to Potentially Earn $20,000-Plus of Free Bitcoin
According to consumer finance researcher ValuePenguin, the average household budget in the U.S. is about $64,000 a year.
Let’s assume one-third of that, or $21,000, can easily be put on a credit card. (I calculated the average annual cost of various expenditures, like transportation, food, entertainment, etc., and quickly got to $21,000.)
Assuming that level of spending and 5% interest earned on rewards, here are a few scenarios on what your free bitcoin could turn into.
(Daily editor and world-renowned crypto expert Teeka Tiwari believes bitcoin could hit $500,000 in the next few years.)
Whether bitcoin’s price stays where it is today or rises to six figures, your rewards portfolio will benefit. And even if bitcoin’s price crashes, you’re not losing anything since you didn’t pay for the crypto in the first place…
But the benefits of the BlockFi rewards card don’t stop there… as more customers sign on and start earning bitcoin, the entire crypto ecosystem will feel the effects…
A Crypto Adoption Catalyst
Here in the Daily, we’ve been pounding the table on the crypto mass adoption narrative for years now…
And whether it’s PayPal allowing its Venmo customers to buy, sell, and trade Bitcoin… or financial giants like Goldman Sachs, Morgan Stanley and BNY Mellon offering bitcoin exposure to their clients… the mass adoption tidal wave is only getting stronger.
So the BlockFi’s Bitcoin Rewards Credit Card is yet another catalyst driving mainstream crypto adoption… and I can’t think of a better way to get started in bitcoin than earning it for free.
If you’re interested in getting ahead of the mass adoption tidal wave, consider getting on the rewards card waitlist – and opening a BlockFi account – as soon as you can.
BlockFi plans to release the cards in July or August, in a tiered process in accordance with the waitlist. (Right now, the waitlist is over 300,000 people.)
And if you decide to sign up and receive a card, we recommend using it as a true rewards card… That means paying off your balance in full each month to ensure no interest accrues.
This will allow you to get the most out of your bitcoin rewards, without losing an additional 12–22% of what you spend on interest.
Click here to learn more about the card and join the waitlist. But act fast because the waitlist is growing by the day.
If you’ve been on the fence about investing in bitcoin, this is a perfect way to hit the ground running.
Analyst, Palm Beach Daily