Our Cryptocurrency Portfolio
Cryptocurrencies are taking off because they offer an improved system to the current broken one. The one where the Federal Reserve gets to print fresh money out of thin air with no consequences.
The question to ask is: Who do you trust more, code or humans?
Our answer is code because it is fair and it applies to everyone, regardless of their social status. It’s a leveled playing field.
Structuring a portfolio is both a science and art that we take very seriously. We allocate carefully and make sure to not spread ourselves too thin (learn about correct diversification here). In addition, there are many scams that arise with new industries and the crypto-industry is not an exception. This is why robust research is an absolute must.
Fact: Our team spends the majority of their time researching different projects.
Disclaimer: NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make and only you are accountable for the results.
Bitcoin - BTC
There is no doubt that we own some BTC. This asset was and still is the king of this market until this day. Without Satoshi’s creation we would not all be gathered here today.
Bitcoin is a revolutionary asset with a fixed supply schedule and that makes it very valuable when you consider the devaluation of fiat currencies which has doubled out minimum take profit level to $1,000,000!
Plus, institutions are pushing very large amounts of capital into it and we will certainly not be on the other side of those trades.
Average Entry: $7,000
Take Profit: $1,000,000
Allocation: 20%
Ethereum - ETH
How can our portfolio ever be complete without the base currency of the World’s Financial Internet? The Ethereum blockchain hosts over $40 Billion in value locked in Decentralised Finance (DeFi).
Our prediction and minimum take profit level for our ETH is investment is $10,000 as we believe Ethereum is easily a $1 Trillion network.
Average Entry Price: $350
Take Profit: $10,000
Allocation: 20%
Synthetix - SNX
SNX is our 20X token, the reason we allocated a reasonable chunk of our portfolio to it is because derivatives ought to go on-chain for the higher efficiencies and censorship-resistance aspects. We bought SNX near the bottom of the crash post-DeFi 2020 summer and we have a $60 target at which we’ll be taking 20/25% profits off the table.
Realistically, SNX can get into the 3-digit zone easily over the next few years and we certainly want to be onboard that ship still.
Average Entry Price: $3.5
Take Profit: $60
Allocation: 15%
Polkadot - DOT
If there was a real competitor to Ethereum it would be Polkadot. Although, their existence will be complementary and not of competitive nature. It was launched this year with plans to integrate some decentralised protocols next year. Projects are already building, the delivery isn’t here yet but that’s exactly how we like it: us being early.
Our original target for DOT was $20 but as price approached it we realize how early it still was which is where we had to extend it to $100 as Polkadot can realistically be worth $100 Billion. We will also be taking a minimum of 20% profits at $100 which will cover our principal and some profit.
Average Entry Price: $3
Take Profit: $100
Allocation: 10%
THORChain - RUNE
This is our 30X token as we believe most people will be using cross-chain swaps and RUNE is at the center of it. A preliminary target is $90 at which we’d be taking off 25% of our profits at the very least. If the market is excessively euphoric at that stage, we’d consider taking off as much as 70% profit. We would not fully sell our RUNE as it will become a key part of the financial system in our opinion.
Average Entry Price: $3.5
Take Profit: $90
Allocation: 10%
Serum - SRM
Serum is a brand new DEX that was mainly developed by Alameda Research (creators of FTX). If there was a team that understands what an exchange requires, it’s Alameda. We bought the listing and remain “HODL”ers of the token with reasonable profits and staking rewards.
Average Entry Price: $0.80
Take Profit: $20
Allocation: 10%
Mina - MINA
MINA, the native token of Mina Protocol which dubs itself as the world’s lightest blockchain, is our latest addition to our portfolio. We’ve reduced our XRP exposure, removed our OXY exposure and used up the remainder cash we’ve had to invest in MINA. You can read our fundamental view on MINA in the dedicated report.
Average Entry: $3.15
Take Profit: $100
Allocation 7%
Ripple - XRP
We always were bullish on XRP, with a $5-7 target by 2022 and we had 20% of our portfolio allocated to it. However, as investors we must adapt and not be attached to any one asset. As the SEC came knocking on Ripple’s door, XRP got caught in the middle of the fire. Multiple exchanges had no choice but to delist it.
As that happened we decided to divest 15% out of XRP and into crypto’s most promising sector: DeFi.
We still hold 5% of our portfolio in XRP.
Average Entry: $0.07
Take Profit: $2/3
Allocation: 5%