How to make $1000 a month passively?

How can an individual aiming to generate a passive income of $1,000 per month accomplish this goal? Given the vast options within the cryptocurrency and finance sector, it's crucial to identify viable strategies. Are there specific investments, such as staking cryptocurrencies or investing in dividend-paying stocks, that offer a reliable stream of income? Additionally, what about passive income platforms or automated trading bots? Are there any red flags or risks to be aware of while pursuing this goal? Clarifying these points would help aspiring investors navigate the landscape and achieve their financial objectives.