Cryptocurrency is freedom, banking is slavery.-Arif Naseem
*This portfolio has been updated: October 15, 2021 »
• Bitcoin BTC
30 percent of portfolio. As “digital gold” (but in many ways better than actual gold), possibly the most secure, convenient and future-proof store of value, most of my holdings is with BTC. About half of these coins are in cold storage, a small amount in a hot wallet and the rest with Nexo, earning 6 percent interest.
• Ethereum ETH
25 percent of portfolio. The de facto “blue chip” crypto, inferior as a store of value to Bitcoin but superior in utility. About half of these coins are in cold storage, various amounts in several hot wallets and the rest with Nexo, earning 6 percent interest.
• Monero XMR
15 percent of portfolio. A truly anonymous, decentralized and private cryptocurrency. A sleeping giant in price and adoption the world is not yet ready for. A non-custodial “numbered Swiss bank account”. Objectively and subjectively my favorite crypto because of its tradecraft transaction capabilities and effectiveness as an invisible store of value. Most of this coin is in a cold wallet and various amounts in specialized hot wallets, most notably Cake Wallet.
7 percent of portfolio. I realize profits (sell crypto) into USDC, GUSD, PAX or DAI – instead of fiat (USD, Euro etc). Then put them into Nexo and BlockFi to earn 7.5 to 10 percent yield. I withdrawal (off-ramp) the interest payments every month into my bank as USD. The stablecoins are used to buy more crypto through decentralized exchanges, without KYC or fiat.
• Cardano ADA
6 percent of portfolio. A promising blockchain of its own, it’s a likely contender to Ethereum, a future “blue chip” with extremely high upside potential. Most of these coins are in my Exodus (hot) wallet earning 5 percent and the rest with Nexo at 6 percent.
• Litecoin LTC
5 percent of portfolio. The oldest crypto after Bitcoin, LTC is a time tested and proven currency that’s actually better for everyday transactions than BTC for its negligible fees. Boring yet dependable like silver. About a third of my LTC is in a cold storage with the rest with BlockFi earning a 4.5 percent yield.
• Solana SOL
3 percent of portfolio. Also a blockchain of its own aka “The Ethereum Killer”, its speed, security, scalability and fees less than a penny makes it a smart investment for exponential growth. All my SOL is staked through a hot wallet, earning 6 percent.
• Ripple XRP
2 percent of portfolio. Centralized and specifically made to work with the existing financial system (banks), this crypto goes against what the idea of cryptocurrency is supposed to be about. However, that doesn’t negate its significant usefulness and therefore their price potential. My entire stack is with Nexo, earning 6 percent interest.
• Stellar XLM
2 percent of portfolio. Although very similar to XRP, XLM is open source and decentralized, making it a more authentic cryptocurrency. My entire stack for this is also with Nexo, earning 6 percent interest.
This portfolio is accurate as of August 14, 2021. My focus is to hodl, to hold on to these assets as a long game – with some cryptos indefinitely. As well as to collect interest for passive income and compound, trading on rare occasions to realize opportune profits.
[OPTICS : Covert Operative Crypto Portfolio]