The pseudonymous host of Coin Bureau is revealing the current contents of his crypto portfolio.
In a new YouTube update, the closely followed analyst known as Guy tells his audience how he is reorganizing his portfolio in the wake of crypto’s recent meltdown.
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According to the analyst, BTC and ETH are the main pillars of the crypto markets to hold onto during times of uncertainty.
“Most of the profits from [from altcoins] have been plowed back into BTC and ETH. My positions on these two account for pretty much 70% of my entire portfolio for two main reasons.
Firstly, I firmly believe Bitcoin and Ethereum will continue to be the two main pillars of the crypto market for the foreseeable future. BTC will remain the benchmark cryptocurrency and its status as digital gold will only solidify. Ethereum will continue to be the primary layer-1 platform and the base layer for countless projects and protocols.”
Even though Guy is heavily invested in Bitcoin and Ethereum, he keeps his portfolio diverse because he believes the future is multi-chain. Guy reveals an allocation to Solana (SOL), Polkadot (DOT) and Cosmos (ATOM), three ETH competitors.
“I believe the future is multi-chain. Yes, Ethereum will still be the big dog, but that doesn’t mean other smart contract platforms won’t play a role in crypto’s future. As a result, Solana’s SOL, Polkadot’s DOT, and Cosmo’s ATOM are my next three biggest positions and together they make up almost 14% of my portfolio.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Boombastic
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