Crypto Portfolio Update. Betting on Bitcoin and Closing Ethereum Positions

 We are finally seeing some movement in crypto today and I have made a short-term prediciton for the price of Bitcoin here: https://ld4trends.blogspot.com/2023/04/what-price-is-bitcoin-signaling-in.html

I have also decided to change my portfolio allocation, locking in my profits in Ethereum and reinvesting all Ethereum funds into Bitcoin, while still holding small positions in alt-coins. 

2 Reasons why I decided to Allocate my Entire Portfolio towards Bitcoin

1) Highest Risk-To-Reward Ratio Crypto of the year

Bitcoin has so far demonstrated to be one of the best-performing cryptos of the year, with a YTD return of 75%. In comparison, Ethereum, the second largest crypto by market cap, has underperformed at 57%. Now, this begs the question, why would an investor decide to hold a less well-known crypto that is unable to outperform a less risky investment? That is why I decided to reallocate my Ethereum positions to include mainly Bitcoin. Yes, of course the crypto market has seen many cryptos like APTOS dwarf the gains of Bitcoin so far this year, but the risk-to-reward-ratios of these alt-coins is not comparable to that of Ethereum, let alone Bitcoin. 

2) My Bitcoin Price projections do not translate well to Ethereum price targets

Throughout the past years, Bitcoin has been the captain of the crypto boat, deciding whether the crypto market as a whole enters a bull or a bear marker. If Bitcoin increases, we can expect the majority of other crypto projects to do the same and vice versa. 

I have written an article underlining my Bitcoin price predictions before and after the halving event of April 2024 in this article https://ld4trends.blogspot.com/2023/03/realistic-bitcoin-price-prediction.html. 

 I am expecting the price of Bitcoin to reach certain targets and although Ethereum is highly correlated to Bitcoin, I feel that my portfolio can be made more predictable if I moved my positions into a project that completely reflected my price predicitons as opposed to only being highly correllated (like Ethereum).  







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