I'm Buying More Crypto Today
My crypto portfolio is +167% over the last year...
We have absolutely nailed both the stock and crypto bull run over the last year.
In fact, our total portfolio is now up +52% in the last 12 months.
Considering the average multi-strategy hedge fund - which is the best comparison to the Patreon Portfolio - is up a mere 5.4% on average over the last year, we're well ahead of the curve.
But lucky for those who have been sitting in cash, there are plenty of opportunities out there.
That's especially true in the altcoin market...
...which we'll dive deep into today.
A Brief Primer on Altcoins
I know some of you don't care for crypto.
If you fall into that basket, I apologize for this issue as it's going to be all about why I think we're entering the second phase of this crypto cycle.
And the big winner will be high-quality "altcoins."
An altcoin is any cryptocurrency other than Bitcoin. There are a wide variety of altcoins investors can buy.
Utility Tokens: provide a claim on services and are used to buy services or redeem rewards within a particular ecosystem (e.g. Filecoin and Siacoin)
DeFi Tokens: financial services that operate without a central authority, using smart contracts instead (e.g. Chainlink and Uniswap)
Infrastructure Tokens: used to build and maintain blockchain networks and are often required to pay for transaction fees or storage (e.g. Ethereum, Solana)
Exchange Tokens: created by crypto exchanges and offer benefits like trading fee discounts, staking rewards, or other perks within the exchange's ecosystem (e.g. Binance Coin)
These are in addition to stablecoins, security tokens, governance tokens, privacy coins, and meme coins.
While we've made a boat load of money on "blue chip" crypto like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in the last year...
...I want to add more exposure to capitalize on certain emerging crypto "narratives." These include artificial intelligence, gaming, and DeFi.
And we'll add one position to the latter narrative today.