eToro copier update May 2024
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.
Outlines
📈 Portfolio Update and Crypto Focus
In this video update, the speaker discusses their current portfolio, recent changes, and future plans. They have maintained their main positions in Bitcoin, Ethereum, and Solana, with a new emphasis on cryptocurrency. The addition of Binance Coin is highlighted for its strong performance in bull markets and its potential to diversify the portfolio. Ono Finance is introduced as an intriguing new investment, which aims to merge traditional and institutional finance with blockchain technology. The speaker also mentions the tokenization of traditional financial assets like USDY, backed by US treasuries, and expresses excitement for the future of such developments. Lastly, a smaller position in GTO within the Solana ecosystem is noted for its potential growth.
🚀 Crypto Volatility and Portfolio Management
The speaker addresses the increased volatility of their crypto positions, specifically mentioning the rapid rise of Ono Finance and GTO. They emphasize the importance of managing position sizes and keeping an eye on risk. The portfolio's performance is reviewed, showing a recovery from a drawdown in April to a 44% gain for the year. The speaker notes an increase in risk levels and discusses strategies to balance the portfolio, such as investing in stocks that are less correlated with crypto to reduce overall risk. They also mention closing less performing stock positions and consolidating the portfolio to focus on fewer, more strategic investments.
🔮 Market Outlook and Future Expectations
The speaker provides an outlook on the current state of Bitcoin, which is near all-time highs and appears to be consolidating before a potential aggressive move. They discuss the approval of the Ethereum ETF as a sign of broader acceptance of cryptocurrencies and speculate on the possibility of future ETFs for other crypto assets like Solana. The speaker also comments on the similar market patterns observed in Bitcoin and Solana, suggesting an upcoming bullish trend. They conclude by reminding viewers of potential upcoming changes to stock positions and inviting questions and discussion in the comments section.
Mindmap
Keywords
💡Portfolio
💡Bitcoin (BTC)
💡Ethereum (ETH)
💡Soul
💡Cryptocurrency
💡Binance Coin (BNB)
💡Ono Finance
💡USDY
💡Tokenization
💡GTO
💡Volatility
💡Risk Management
💡ETF
💡Stocks
💡Correlation
💡Diversification
Highlights
Introduction to a video update discussing current portfolio, changes made, and future plans.
Main positions in the portfolio remain unchanged with a focus on Bitcoin, Ethereum, and Solana.
Shift towards a heavier focus on crypto with selective additions to the portfolio.
Addition of Binance Coin to the portfolio for diversification and potential performance in bull markets.
Binance Coin's tendency for quick performance spikes in shorter periods.
Introduction of Ono Finance, a lesser-known project with a focus on merging traditional and institutional finance onto the blockchain.
Ono Finance's USY token, backed by US treasuries, offering institutional-grade finance in the crypto space.
Anticipation of tokenization of traditional financial assets like stocks on the blockchain.
Addition of a small position in GTO, part of the Solana ecosystem, focusing on liquid staking.
Volatility of the newly added crypto positions and the importance of managing position size.
Performance update showing a 44% increase for the year and adjustments in risk levels.
Crypto now represents 86% of the portfolio, with stocks at 13.8%, indicating a crypto-heavy focus.
The importance of balancing the portfolio with less correlated or inversely correlated assets to manage risk.
Closing of the Palantir position due to poor performance and volatility.
Potential closure of CrowdStrike and Uber positions to consolidate and focus on risk management.
Bitcoin's current position near all-time highs and the potential for an aggressive market move.
Surprise approval of the Ethereum ETF indicating a broader acceptance of crypto.
Expectations for the market to heat up and increase in volatility, necessitating risk management strategies.
Closing remarks with a reminder of upcoming changes to stock positions and a summary of the video's content.
Transcripts
hello everyone and welcome to another
video update I'm just going to take you
through our current portfolio and the
changes that I've made um my plans on
how I'm going to be adjusting the
portfolio in the near future and just
some general thoughts on um the market
and what's to come and how I plan on
best dealing with
it so if we take a look at our portfolio
here
um our main positions really remain
unchanged so we have Bitcoin eth and
soul and off the back of what I was
discussing in the recent uh the most
recent
posts I now have a main or heavier focus
on
crypto so I've added some more crypto
positions here too very selectively um
but it's important just to to go through
those as well so I've added some binance
coin here which is something we didn't
have before this again is in the top uh
coins by market cap although it doesn't
get as much attention I guess it's not
as interesting you could say but it does
tend to perform very very well in Bull
markets so nice to diversify away from
these top three a bit and have something
that could perform
well but sometimes on a different time
frame so binance coin usually tends to
have uh I would say a kind of quicker
explosion where it it performs really
really well but for a shorter period of
time I think um so it's nice to have
things that don't don't perform all
exactly in the same way you know just to
keep that correlation down a little
bit then I've added um a very
interesting one is Ono Finance which I
seems not that many people have heard of
but what they're doing is really really
interesting and we're already up 45% on
that just in I think I just opened it a
few weeks ago actually uh yeah beginning
of the
month so you can if you're interested
you can go into way more depth on on
their website but they're basically
bringing
traditional finance and institutional
Finance onto the blockchain kind of
merging those two worlds that have been
a bit separate until now so you can go
into their docs here in huge Deb in huge
um huge detail if you're interested and
to give you an example here of something
cool that they're doing is
usdy so this is basically a a token
right a crypto token that is backed by
us
treasuries so you know say that you're
you only want to be exposed to crypto
but you would also like to like you like
the I don't know anonymity of crypto or
the the fact that you can maintain
control or maybe you're in a country
where it's difficult to get access to us
treasuries or or something along those
lines it's very very
cool that you can get access to that
kind of
institutional um type institutional
grade
Finance from a more
um from from a crypto point of view
right like traditionally there hasn't
been that much overlap between these
things so the people that are trading
crypto or interested in crypto just have
exposure to bitcoin or other crypt
native assets so being able to like
seeing the tokenization
of traditional Financial assets is is
really cool and I'm looking forward to
the days where you'll be able to have
other things like stocks just you know
um on on the blockchain that would be
very very cool and they're making a big
dent in that so um it's it's going to be
a huge market and I think it's it's
worth paying attention
to so that's Ono finance and you can
find their their docs here at docs.
condo. Finance if that's something
you're interested in learning more
about and then I also added a smaller
position in GTO which I might increase
GTO is kind of um Again part of the
salana ecosystem but they're really at
the heart of um salana liquid
staking uh really really cool what
they're
doing and um yeah I think it's going to
is going to perform continue to perform
well so these are the kind of positions
where they're way more they're way more
volatile you know if we look at the
chart of um those two that I've just
mentioned
so you can see
Ono we went from you know
one not even 90 cents to 120 very very
quickly right um same with GTO you can
see it's it's quite volatile so the
majors here Bitcoin Ethan Soul are
volatile as well but to a different
degree so it's good to kind of keep the
position size of these under
control so I might increase them
gradually but just got to always keep an
eye on
risk so that's our crypto positions at
the moment and we can have a look at how
that has this increase in crypto has
impacted our various stats so in terms
of performance you know April was quite
a draw Down May has basically completely
offset that so we're now up 44% for the
year as I'd
expected risk has ticked up a bit so we
now have had even though our average
risk has stayed at a five we hit a Max
risk of six at one point and seven is
the highest that I can go and ideally I
would like to keep it at
six um and we'll go into some other ways
that I'm going to be trying to trying to
do that
soon um here we can get a slightly
different perspective as well you can
see our exposure here is 86% crypto so
very very crypto
heavy and the other
13.8% is stocks again you can see the
risk
and so
on and this this little information box
here actually brings up an an
interesting point which is what I wanted
to discuss so these are the assets least
correlated with the current
portfolio now the reason this is
interesting is because as the focus is
crypto
now the stock part of our portfolio
becomes less and
less not less important but less about
out performance um because I expect the
majority of the gains to come from
crypto so the stocks sure we want to
invest in stocks that are going to
perform of course but they also are now
performing another function which is
equally important which is that of
balancing out the risk so if we have
stocks that are also very very volatile
the volatility and risk of the whole
portfolio is going to continue to
increase
whereas if we can have some stocks that
are not correlated or even inversely
correlated to crypto that's going to
bring the risk of the whole portfolio
down and that's what I'm going to be
trying to do um because all things
considered Bitcoin
eth they haven't been that
volatile when you
compare compare this to what like a bull
run is going to look like so if we do
soon see the market heat up in crypto
land which is what I expect volatility
is going to increase eoro risk is going
to
increase um so we might move up to a
risk level of seven which would be okay
but um we we definitely don't want to go
any higher than that um can't go any
higher than
that so we want to be anticipating that
and trying to tone the risk down by
having either stocks that uh
um yeah are are inversely correlated to
crypto or even other asset classes so
that's something that I'm going to be
thinking about whether that be some
Commodities or even some fixed income
just something to make the the portfolio
more balanced so today you might have
seen I've uh closed our paler position
as that was one that wasn't performing
that well was also quite volatile so it
wasn't really
uh doing well on on either of those
metrics and I think soon I might also
close potentially crowd strike and
Uber and just generally uh kind of
consolidate this
into yeah fewer positions that more
clearly achieve that that um objective
that I was just I was just talking
about so if we have a look at um what's
been going on
on bitcoin is really at an interesting
point where we are right near alltime
highs um but it's kind of going sideways
so this is usually in my experience a
sign of consolidation
before usually an aggressive move and
and that would line up with the stock to
flow Model cycle timing um all these
other
things so I wouldn't be surprised to see
um Bitcoin really moving soon um but so
far it's been relatively
calm um some interesting news that we've
had is the approval of the eth ETF which
I think was quite a surprise to many it
was I think the likelihood of this
getting approved was way way lower than
the Bitcoin one so there's an
interesting kind of narrative now where
I don't think this was just about the
eth ETF but it sort of feels like
there's a a
broader acceptance of crypto now um and
and that things might just continue to
now flow more more seamlessly so I
wouldn't be surprised if we now
see um Talk of a of a salana ETF and
maybe that getting that proved very
quickly you know we've we've kind of
passed that hurdle Bitcoin was the big
one um and now that eth passed to it
just seems like the the floodgates have
have opened but that that's still to be
seen and you can see that as well by the
reaction here right this
day was the day when it got approved or
at least seemed very likely that it was
going to be approved uh I can't remember
exactly what what day it
was but the huge move shows that um it
was it was a surprise right it wasn't
priced in people weren't really
expecting
it and so that's that's great it's
really great for
crypto um salana is looking sort of
similar to bitcoin maybe you can kind of
recognize the similar shape you know
this run up for a few
months um bit of a dip to you know shake
out any leverage and now just just
consolidating and again my my
expectation would be to see all of these
really starting to move in in t
as
um as things kick into gear after the
harving but we'll have to we'll have to
wait and
see so yeah I hope this has been useful
as always leave me any questions in the
comments if
uh um anyone doesn't have the time to
listen this I will have also written
a a short summary
and um yeah so just a reminder that I
will be changing likely changing a few
of these positions these stock positions
in in the very near
future and um I think that's about it
for today so I will speak to you again
soon and take care
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