139: Leverage Your Bitcoin Savings with Aki Balogh

Aki Balogh is the co-founder and President of MaketMuse and the CEO of DLC.link, a platform that lets users lock their Bitcoin in escrow, supply Bitcoin as collateral, and earn a yield while maintaining full ownership. We discuss ways to leverage your Bitcoin to earn a yield, what a wider crypto adoption means for other currencies, and the basics of Bitcoin smart contracts. 

 

Time Stamps

[00:58] Aki’s entrepreneurial journey

[03:07] Why Aki went down the crypto path

[06:30] The current state of the crypto space

[10:28] Do we really need all these cryptocurrencies?

[13:10] Understanding cryptocurrencies with limited supply

[16:45] How a wider adoption of Bitcoin will affect economic policies

[20:16] Why Bitcoin mining is increasingly becoming decentralized 

[22:07] How to earn a yield on Bitcoin

[27:10] Understanding the crypto borrowing and lending market

[28:20] All you need to know about smart contracts on Bitcoin

[30:01] Crypto loans and what happens to defaulters

[32:35] Parting thoughts 

 

Links and Resources

Steve and Greg Cleary’s Book: Pinnacle: Five Principles that Take Your Business to the Top of the Mountain

Work with Steve – Stevepreda.com

DLC Link

Connect with Aki on Twitter

DLC Link on YouTube

Aki’s LinkedIn