How to Build a Crypto Portfolio That Dominates the Upcoming 2024/25 Bull Run
How to Build a Crypto Portfolio That Dominates the Upcoming 2024/25 Bull Run
3 Recent Events Show Digital Assets Are Ready For Takeoff Once Again
One of the key tenets of Continually Better is to help build long-term wealth. Personally, I feel that the easiest way to do that is through cryptocurrency investing. I have had substantial success in this area, and believe that the next great opportunity for massive gains is quickly approaching. Now is the time to secure financial greatness!
Are The Bulls Ready To Run?
Why am I feeling particularly optimistic that we are on the brink of a new Bull Run?
Quite simply, it’s been an eventful few weeks and several newsworthy items have occurred in recent days that portend well for the future of digital assets. These include:
What do all these things mean when pieced together? Quite obviously, the stars are beginning to align for cryptocurrencies. When coupled with the next Bitcoin Halvening due to take place in less than a year, as well as the expectation that the Fed is done raising interest rates after this month, everything is lining up well for mass adoption and future gains.
Let’s dive in to some of these bullish circumstances.
BlackRock CEO Gives the Full Green Light to Bitcoin
While many have been once again throwing dirt on the supposed grave of Bitcoin and cryptocurrencies, one very notable person has changed his tune on this controversial asset class. That person is Larry Fink, the CEO of BlackRock.
If you are not familiar with BlackRock, they are the world’s largest financial institution with more than $9 TRILLION in assets under management. Now, their well-known and respected leader Fink has signaled the firm’s full support for digital assets.
A few weeks back, BlackRock raised eyebrows by announcing their intention to launch a Bitcoin ETF, which was surprising given the SEC’s recent legal actions against the cryptocurrency industry. Then this week in an appearance on Fox Business, Fink touted Bitcoin as an “international asset” and asserted BlackRock’s intentions to make cryptocurrencies both easier to invest in and less costly to utilize.
Does that sound like someone who doesn’t believe there is a future for crypto? Not at all. This is a clear signal that now is the time to start preparing for more mainstream acceptance of this asset class.
Ripple Secures a Huge Legal Win
In early June, the SEC filed legal action against prominent crypto exchanges Binance and Coinbase, which signaled there might be huge headwinds facing the efforts to legitimize cryptos in the United States.
However, on Thursday, Ripple scored a key victory in the courtroom when a judge ruled that XRP token purchases were not considered securities transactions. The SEC had contended that Ripple, who issues the XRP token was in violation of federal securities laws, and this ruling now puts into question the strength of their cases against the larger exchanges they had in their crosshairs.
Predictably upon the good news for the crypto industry, prices surged, and the likelihood increased for a peaceful resolution that benefits all parties and helps to drive acceptance and adoption forward in the United States.
With the hope that more clarity and consumer safeguards can be established in the months ahead, this could be a watershed moment for the future of digital assets in the American economy.
How to Build a Killer Crypto Portfolio
With so much good news to bolster consumer sentiment, it is clear that we are moving out of the prolonged bear market and into a stage where investors can once again confidently engage in crypto trading.
Personally, I believe in a diversified basket of assets that mixes the best crypto projects across a variety of sectors. As we gear up for the next Bull Run in 2024/25, these are the three key crypto trends I am focusing on to make sure I have a well-rounded portfolio.
(As a note, I am invested in most of the projects listed below. However, I strongly encourage you to do your own due diligence before investing in anything, and to never invest money that you can not afford to lose. As with anything, there are no guarantees in life and by now it should be clear that all crypto speculation involves a degree of risk.)
RWA Tokenization — Digitized Commodities set to Lead the Way
RWA stands for “Real World Assets” and refers to cryptocurrencies that are backed by tangible assets such as commodities, real estate, or other real world financial vehicles. The purpose of RWA crypto is to provide a digital representation of these physical assets, allowing for greater liquidity and ease of transfer.
RWA tokenization is often seen as a way to bridge the gap between traditional financial markets and the cryptocurrency world, as it allows investors to use cryptocurrency to invest in real-world assets, which can be more familiar and easier to understand for some investors. It can be created through various mechanisms, such as the issuance of tokens that represent ownership of a particular asset or the creation of a cryptocurrency that is backed by a pool of assets. These assets are typically held in a trust or other legal structure, and the value of the RWA crypto is determined by the value of the underlying assets.
One of the strongest backers of this asset class is none other than BlackRock itself. Their head of Strategic Ecosystem Partnerships has said that tokenization may move slowly in terms of putting the infrastructure in place, “but in the long term it will be monumental in shaping our ecosystem.”
Some of the key RWA projects to look at include:
Realio Network (RIO)
Blocksquare (BST)
Landshare (LAND)
Theopetra (THEO)
GameFi — Play to Earn is the Future
GameFi is a fast-growing narrative emerging in the cryptocurrency space that combines the highly popular gaming industry with the disruptive power of blockchain technology to create a new kind of play experience that is more fair, transparent, and rewarding for players.
This involves creating a gaming economy that is powered by cryptocurrency, where players can earn rewards such as non-fungible tokens, cryptocurrency, and other digital assets. These rewards can then be traded on cryptocurrency exchanges or used within the gaming ecosystem. So in effect, you can play to earn valuable assets.
Worldwide, gaming is huge! Think about it from an entertainment perspective.
The music industry did a brisk $10.3 Billion worldwide in 2022, while the Film industry clocked in at an impressive $94.5 Billion. Amazingly though, the gaming industry smashed them both last year with an astounding $220.7 Billion in business.
That’s why I believe GameFi, if done right, has the potential to bring crypto to the masses in the year to come.
Some of the most promising projects in the GameFi space include:
Ultra (UOS)
Nakamoto Games (NAKA)
Wasder (WAS)
ImmutableX (IMX)
Utility Plays — It’s All About the Partnerships
Admittedly, this is my favorite crypto trend.
Utility plays are high-value projects solving key problems and have the potential for important widespread impact in massive industries. In essence, they are not speculative vaporware plays that have nothing to show for all their bluster or meme coins that find their only value in gimmicky branding. Instead, they offer real world use cases
The sign of a strong utility project is one with excellent partnerships. To me, one of the key indicators for the value a crypto project can offer comes in the form of the big name companies they are attracting to work with them and utilize their services. This brings both brand recognition and validation of utility from a trusted source, which definitely gets my attention and shows the potential for long-term success.
In addition to BlackRock, we are now seeing powerhouse firms like Apple, Coca-Cola, SAP, Google and more teaming up with some of these rising crypto projects. Even the United States Department of Defense has given their stamp of approval to the power of the blockchain by striking a deal to work with Constellation. The support of these entities in the crypto space should do wonders in terms of instilling long-term confidence in retail consumers.
These are the key utility projects in my portfolio:
Render (RNDR)
TriasLab (TRIAS)
Morpheus Network (MNW)
Quant (QNT)
Constellation (DAG)
AirTor Protocol (ATOR)
Greenheart (CBD)
BitTensor (TAO)
Alkimi (ADS)
Crypto Will Win
At this point, the writing is on the wall. Crypto is going to win and will soon play an important part of how future business is done globally. There are just too many powerful forces behind it for it to not succeed. It is inevitable.
Those who take the time to research and identify the most promising projects, and invest early, stand to enjoy enormous returns in the next few years. The only question is, are you going to get in the game or sit on the sidelines and watch others play?
I know what the answer is for me. I plan to seize the opportunity now to secure generational wealth.
Never forget, fortune favors the bold!
(If you have specific questions about crypto investing, please do not hesitate to reach out.)
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