Written by Robert Thompson Jr | 12/4/20
BlockFi has partnered with Visa to offer the first rewards credit card that pays out in Bitcoin rather than cash, we will show you the numbers so you can decide if it is worth applying for if your extremely confident about cryptocurrency and don’t mind getting an annual fee, it might be more of a new card with limited benefits. The BlockFi card is not out just yet-they do have a waiting list for existing clients that have funded accounts, and that waiting list will be available in January. We expect cards to ship next spring.
Pro’s of the card
This card is mainly focused on saving. People who have this card will earn 1.5% cashback on all purchases and that will automatically be turned into Bitcoin and placed into a BlockFi account every month. When you deposit in a BlockFi account they give you the ability to loan up to 50% of the value in your account with a 5,000 minimum loan requirement. We made a video to some pros on BlockFi you can check it out on this video below
Negatives of the card
There has been tons of interest from big U.S. investors in cryptocurrencies like Bitcoin, Ethereum, Litecoin, XRP. So this partnership from Visa makes crypto more mainstream, but you have to be all-in on Bitcoin if this card is going to work for you. Here is our chart of Bitcoin every four years
2010 9,900%
2011 1,473%
2012 186%
2013 5,481% (bull)
2014 -57%
2015 34%
2016 123%
2017 1,368% (bull)
2018 -73%
2019 92%
2020 121% +…..
2021 ????% (bull)
According to the chart chances are that in 2021 Bitcoin is going to be high, but in 2022 Bitcoin might not be as high so that is where we give you our negatives but Bitcoin (not the credit card) seems like a pretty good investment.
Currently, Bitcoin is at $19,030.00 But the Crypto Research Report has predicted bitcoin will be worth $397,000 by 2030 which is in ten years from now. Here’s a video that explains Bitcoin a little bit more.(Down below)
Blockfi Link: https://blockfi.com/?ref=e7df586b
FOLLOW US ON SOCIAL MEDIA 👇
Thompsonempire: https://www.facebook.com/Thompsonempire
INSTAGRAM:
Thompsonempire: https://www.instagram.com/thomsponemp…
Pinterest:
Thompsonempire: https://www.pinterest.com/business/hub/
Twitter:
Thompsonempire: https://twitter.com/ThompsonEmpire1