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Bitcoin Income: What You Need to Know About This Cryptocurrency Option

Bitcoin Income: What You Need to Know About This Cryptocurrency Option
Bitcoin is one of the most volatile growth assets in recent memory. It's risky, but is it possible for investors to get income yield from it?

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Young people are increasingly turning to cryptocurrency assets as a way to build wealth due to the disparity between asset prices and wage growth. While Bitcoin has seen a 160% increase in price over the past year, it is important to note that it has also been more volatile than large-cap stocks. Income yield is a key component in protecting against volatility and building long-term wealth. Dividend-paying stocks are a simple way to build wealth, as dividends tend to increase ahead of inflation. While some cryptocurrency holders seek income through 'staking', it is not available for Bitcoin due to its blockchain consensus. Bitcoin ETFs are now offering yield, with one example being the Purpose Bitcoin Yield ETF, which offers a yield of around 9%. However, it is important to note that there are risks associated with this strategy. Wealth Morning offers managed account services for eligible and wholesale investors, providing an opportunity to build defensive and income-rich portfolios. It is important to note that the article is the author's personal opinion and commentary and should not be construed as financial or investment advice.

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