The crypto industry’s renowned expert outlined his approach to investing $1,000 in crypto assets and suggested allocating 10%’s funds across a number of sectors.
The crypto market is in the midst of a new bull cycle where small amounts of money could potentially transform into multi-million dollar fortunes.
Bitcoin has broken out of its 2021 peak and is currently heading towards price discovery.
With Bitcoin set to record more gains, the entire crypto market is likely to follow. However, many retail investors have a hard time discerning which crypto assets offer the most promising returns during the bullish season.
To address this dilemma, the popular Altcoin Daily host outlined his strategy for investing $1,000 in crypto assets this year. The expert emphasized that investing at this time does not mean being late to the party, as many crypto assets are still below their previous all-time highs.
Altcoin Daily: Strategies for Investing $1,000 in Crypto Today
The host of Altcoin Daily revealed that if he invested $1,000 in the crypto market today, his first $500, or 50% of the funds, would be in Bitcoin. His decision to invest in Bitcoin is rooted in new institutional participation in the Bitcoin market, particularly through spot exchange-traded funds.
Notably, the United States authorized the first ETFs that invest directly in Bitcoin in January, which in part contributed to Bitcoin reaching a new all-time high of $73,750 in March. In addition, regions such as Hong Kong have followed suit and approved spot ETFs for Bitcoin and Ethereum.
Since Bitcoin’s fixed supply cap is set at 21 million units and ETF issuers collectively hold around 1 million Bitcoins, the host of Altcoin Daily believes that investing in Bitcoin is a wise choice.
Next 20% for L1 and infrastructure crypto assets
Additionally, the host noted that 20% of his next funding allocation will be allocated to layer 1 (L1) blockchain and infrastructure projects. Here, he specifically mentioned Ethereum (ETH) and Solana (SOL).
This decision came at the suggestion of Brian Kelly. Kelly, founder of digital currency investment firm BKCM, believes that ETH and SOL are attractive investments because of their key roles in shaping the future of finance.
In particular, Kelly noted that Ethereum and Solana will underpin the development of new financial systems, particularly decentralized finance.
Furthermore, the host of Altcoin Daily expressed a strong preference for L1 blockchains in general, emphasizing their fundamental importance regardless of which crypto side ultimately prevails.
He noted that unlike the dot-com boom in 1999, investors now have the opportunity to invest in base protocols. He believes that regardless of the success or failure of NFT, game coins or decentralized exchanges, the value will eventually accumulate on the L1 blockchain.
So, out of his 20% allocation to layer 1 and infrastructure crypto projects, each project will be allocated 5% each to Ethereum and Solana. Additionally, 5% will be used in infrastructure crypto projects such as Chainlink (LINK).
Of the other half of this 20% allocation, the moderator found worthy investment options in Cardano (ADA), Toncoin, Near Protocol, and Cosmos (ATOM).
Next 30% for AI, Games, Memes, and RWA
Of the remaining $1,000 allocation, the market commentator revealed that 30% will be allocated to AI-based crypto projects, reflecting the growing importance of artificial intelligence.
Notable investments in this space include Bittensor (TAO) and Render (RNDR). In the gaming industry, 10% of funds will be allocated. His preferred choice is Immutable (IMX) because it offers infrastructure tailored for the industry.
The final 10% allocation will be used for memecoins and tokens related to the tokenization of real-world assets, each of which will be allocated 5%.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the author’s personal opinions and do not reflect the opinions of The Crypto Basic. Readers are encouraged to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
English 
Chinese (Hong Kong) 
Chinese (China)