- Brenda Gentry’s cryptocurrency business earned her $ 400 thousand during six months, despite her successful career and middle age.
- In addition, the “cryptomam,” as she is known on Twitter, founded Gentry Media Productions, a company that deals with cryptocurrency and NFT.
- According to the cryptomam, the NFT and DeFi have broken the curse of poverty that has lasted for generations.
American Brenda Gentry, despite her successful career and middle age, decided to go into the cryptocurrency business and made the right decision – in six months she earned $ 400 thousand. In addition, she attracted her daughters to the family.
Brenda worked as a mortgage underwriter for the United Services Automobile Association (USAA) for over ten years, but quit in October 2021, according to CNBC. But at the age of 46, she decided to leave traditional finance.
To such a decision, a resident of the state of Texas, according to her, was pushed by the unprecedented opportunities that cryptocurrency opens up. She started investing in this sector during the coronavirus pandemic in 2020 and has increased her investments over time.
“In six months, my investment portfolio exceeded $ 401,000, while in the previous 11 years I earned $ 200,000,” says Gentry. She clarifies that for her, cryptocurrency is not only an investment tool but also a method of transferring wealth to future generations.
Also, the “cryptomam”, as she calls herself on Twitter, founded her own consulting company Gentry Media Productions, which deals with cryptocurrency and NFT. She runs the company with her daughters, 23-year-old Cynthia and 19-year-old Imani.
Gentry Media Productions provides consulting services to projects in the DeFi (decentralized finance) and NFT (non-fungible token) areas. This allows the Gentry family to earn from 10 to 20 ethers per month – at the rate of the WhiteBIT crypto exchange as of December 24, this is about $ 40-80 thousand. This is 6-12 times more than she earned in her previous job ($ 75 thousand a year).
“Crypta” is financial freedom. Most people who were unable to access loans from traditional finance due to credit restrictions can now invest in cryptocurrency and be able to borrow from it, ”says Brenda.
What she means is that DeFi platforms provide loans at more attractive rates than traditional banks, and the barrier to entry is lower compared to the traditional system. In most cases, the only requirement for a DeFi loan is collateral in another crypto asset.
Gentry sees a better future for her family in cryptocurrency – thanks to her career change, she helped her parents retire earlier. ” NFT and DeFi have broken the curse of poverty that has lasted for generations,” says the cryptomam.