Key Learning from Building the Best Crypto Portfolio for the 2024 Bull Market
Catalysts for the 2024 Bull Market
- Bitcoin Spot ETF Approval - Expected in January 2024, will likely bring institutional investors to Bitcoin.
- Bitcoin Halving Event - Scheduled for April 2024, frequently initiates the 4-year crypto cycle.
- FED's Monetary Policy - A potential pause on interest rate hikes at the end of 2023 and monetary easing by late 2024 could stimulate risk assets like crypto.
Criteria for Choosing Altcoins
- Is the project in a narrative likely to see hype in the new cycle?
- Is the project's team motivated and showing progress?
- Is the project a leader in its sector with growing dominance?
- Does the project have a reasonable fully diluted valuation and can the token potentially see at least a 10x return?
Portfolio Updates from Last Year
- Removed from Portfolio:
- Solana, Cosmos (ATOM token), Telegram's TON Coin, Filecoin, & certain alternative layer ones.
- Decentralized exchange tokens like Uniswap, GMX, dydx, and Apex.
- New Additions:
- New picks focus on undervalued altcoin gems that could become dominant in the upcoming cycle.
Portfolio Breakdown
- Bitcoin (BTC) - 25% of the portfolio, with a target of $200,000 per Bitcoin, a 5.5x return.
- Ethereum (ETH) - Also 25%, with a target of $11,500 and a 7.5x return.
- Altcoins - 29 altcoins grouped into sectors with varied percentages of the portfolio, including Ethereum layer twos (4%), layer one alternatives (4%), DeFi, AI, gaming infrastructure, and even meme coins.
Ethereum Layer Twos
- Arbitrum, Optimism, Polygon, & ZKSync - Each represents 1% of the portfolio. They are chosen for their leading positions in Ethereum's scaling solution; however, the heavy upcoming token unlocks make them moderately risky investments.
Layer One Alternatives
- Internet Computer Protocol (ICP), Celestia, and Neutron - Filling up 4% of the portfolio, selected for tackling unique niches and considered successors to previous popular picks.
DeFi Focus
- Injective Protocol (INJ) and upcoming decentralized exchanges - The video host is focusing on intent-based exchanges like Sim, Intent X, and Thea Fi. He is also interested in novel LSD (Liquid Staking Derivatives) platforms like Prisma Finance, Pendle, and upcoming LSD projects.
Cross-Chain Interoperability Solutions
- Chainlink, Layer Zero, and Axelar - Given 4%, 1%, and 1% respectively, these are the main picks for enabling interoperability across different blockchains.
Social Media Altcoins
- Diesel - Takes up 4% of the portfolio, aiming to become the go-to blockchain platform for decentralized social media.
GambleFi and Crypto Casinos
- Robit - Holds 3% of the portfolio, chosen due to high revenue and significant market presence in the crypto gambling sector.
Crypto Gaming and Infrastructure
- SuperVerse, Immutable X, Beam, and upcoming projects - 3% for SuperVerse and 1% each for Immutable X and Beam. The host reserves an additional 4% for new gaming titles with potential.
AI Crypto Projects
- Render Network and Akash Network - Each with 1%, and an additional 4% reserved for new projects at the intersection of AI and blockchain.
Meme Coins
- Dogecoin, Shiba Inu, and PepeCoin - Each given 1% due to their standing in the meme coin culture.
Investment Philosophy
The goal is to build a diversified, quality portfolio before large institutions solidify their hold on the industry. The video encourages investors to do their research and make informed decisions based on the latest market trends and personal bullish sentiment.
This summary is based on the 2024 crypto portfolio strategy as presented by the host. For the latest portfolio, viewers are advised to follow updates on social media and associated channels.