Cryptocurrencies burst into our collective consciousness with its meteoric rise in value in 2017, as well as its subsequent catastrophic collapse. As a millennial, I’m always interested in new technology and unbeknownst to readers, I do check in on the crypto-sphere from time to time to understand any new major developments in the space.

While I’ve always had a slight interest in investing in crypto, my main objection was similar to that of Warren Buffett’s.

Cryptocurrencies simply do not produce anything to allow me to value it objectively. Investing in crypto was essentially believing in the Greater Fool theory.

As such, it was with great interest when I read about BlockFi from the GMGH blog, which allows customers to earn interest on their crypto-assets. Intrigued, I did some due diligence on the service and here’s some of my thoughts.

Disclaimer: I’m not an expert on cryptocurrencies and I only know the basics.