eToro copier update May 2024

Trader George

28 May 202413:21

Summary

TLDRIn this video update, the speaker discusses their current investment portfolio, emphasizing a shift towards cryptocurrencies with a focus on Bitcoin, Ethereum, and Solana. They've added Binance Coin for diversification and Ono Finance for its innovative approach to merging traditional and institutional finance with blockchain technology. The speaker also mentions GTO for its role in the Solana ecosystem. With an 86% crypto exposure, the portfolio has seen performance improvements, offsetting previous drawdowns. The speaker plans to adjust stock positions to balance risk, considering assets inversely correlated to crypto. They highlight Bitcoin's consolidation near all-time highs and the recent approval of the ETH ETF as signs of broader crypto acceptance, hinting at potential market movements.

Takeaways

😀 The speaker is discussing their current portfolio and plans for future adjustments.
💼 The main positions in the portfolio remain unchanged, with a focus on Bitcoin, Ethereum, and Solana.
🚀 There is a heavier focus on crypto assets, with selective additions to the portfolio.
📈 Binance Coin has been added to the portfolio due to its strong performance in bull markets.
🔍 Ono Finance is a new addition, which aims to merge traditional and institutional finance onto the blockchain.
💡 Ono Finance's USDY token is backed by US treasuries, offering institutional-grade finance through a crypto lens.
🌐 The speaker anticipates a future where traditional financial assets like stocks are tokenized on the blockchain.
📊 GTO, part of the Solana ecosystem, has also been added to the portfolio for its potential in liquid staking.
📉 The increase in crypto positions has made the portfolio heavily crypto-centric, with 86% exposure to crypto assets.
⚠️ Risk management is emphasized, with a plan to balance the portfolio with less correlated or inversely correlated assets.
📉 The speaker may close positions in Palantir, CrowdStrike, and Uber to consolidate and focus on risk-balanced investments.
📈 Bitcoin is near all-time highs and is expected to move aggressively after a period of consolidation.
🎉 The approval of the Ethereum ETF indicates a broader acceptance of crypto and could pave the way for more crypto ETFs.
🤔 The speaker expects increased volatility and risk in the crypto market and plans to adjust the portfolio accordingly.

Q & A

What is the main focus of the speaker's current portfolio?
-The main focus of the speaker's current portfolio is on cryptocurrencies, with a heavier emphasis on Bitcoin, Ethereum (ETH), and Solana (SOL).
What new crypto positions has the speaker added to the portfolio?
-The speaker has added Binance Coin (BNB) and Ono Finance to the portfolio, as well as a smaller position in GTO.
Why did the speaker choose to include Binance Coin in the portfolio?
-Binance Coin was chosen for its tendency to perform very well in bull markets, offering diversification away from the top three cryptocurrencies.
What is unique about Ono Finance according to the speaker?
-Ono Finance is unique because it merges traditional and institutional finance onto the blockchain, offering services like USDY, a token backed by US treasuries.
What is the significance of USDY in the context of Ono Finance?
-USDY is a crypto token backed by US treasuries, providing a way for people to access institutional-grade finance through a crypto lens.
What is the speaker's view on the volatility of the added crypto positions?
-The speaker acknowledges that the added crypto positions, such as Ono Finance and GTO, are more volatile and advises keeping their position sizes under control.
How has the increase in crypto positions impacted the portfolio's stats?
-The increase in crypto positions has made the portfolio very crypto-heavy, with 86% exposure to crypto, and has also increased the overall risk slightly.
What is the speaker's strategy for balancing the risk in the portfolio?
-The speaker plans to balance the risk by potentially investing in stocks that are not correlated or inversely correlated to crypto, or by adding other asset classes like commodities or fixed income.
What action has the speaker taken regarding stock positions in the portfolio?
-The speaker has closed the Palantir position and is considering closing positions in CrowdStrike and Uber to consolidate and focus on stocks that help balance the portfolio's risk.
What is the speaker's outlook on Bitcoin and Ethereum?
-The speaker expects Bitcoin and Ethereum to move aggressively soon, as they are currently consolidating near all-time highs, which is typically a sign of an upcoming market move.
What does the speaker think about the approval of the ETH ETF and its implications for crypto?
-The speaker views the approval of the ETH ETF as a sign of broader acceptance of crypto and believes it could lead to more seamless developments in the crypto space, possibly including a Solana ETF.