I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that.https://ultrasound.money/
Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality.
I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much.
So you have over $100k on an centralized exchange, which can be hacked every time and this for an interest of $7k in 2 years? Not worth the risk
There are much better and safer opportunities.