How to passively make $5,000 a month?

Could you please elaborate on how one might passively generate an income of $5,000 per month? Are there specific investment strategies or cryptocurrency opportunities that could potentially yield such returns? What factors should one consider when evaluating the potential profitability of these methods? Additionally, are there any risks associated with passive income generation, and how can they be mitigated? I'm particularly interested in understanding the practical steps required to achieve this financial goal.