How to make $1,000 a month passively?

I'm curious, how does one go about earning $1,000 a month passively in the world of cryptocurrency and finance? Are there specific strategies or investments that have proven to be effective for generating this level of income on a recurring basis, without requiring active management or intervention? Are there any risks associated with these methods, and how can they be mitigated? Additionally, what is the typical timeline for seeing returns on such investments, and what level of capital is typically required to get started?