This is my new crypto portfolio in June 2023. I consolidated everything into these five assets, and I would have sold Avalanche if I hadn't staked it for a year. I know my crypto portfolio now is so boring, but let me explain. A lot of you have commented that when you look at my portfolio, you think I'm not going to get gains on it. What I've learned in nine years in crypto is that if you pick out the winners, the assets with the strongest fundamentals and the ones that more than likely are not going to lose money, and you diversify your position, all you have to do is hold on for the ride.
This is an easy portfolio that has been thoroughly researched, and I'll explain each crypto in it and why I have it at the percentage I do. This is a portfolio I'm not concerned about on a day-to-day basis, watching how much it goes up or how much it goes down. It doesn't have any speculative assets in it. They are all fully functioning, and they have very strong fundamentals. Yes, there are things that suck about all of these. But some of you think this portfolio is weak because I'm not going to get a bunch of multipliers in it, and that's not true. Internet Computer and Solana each could easily do 100x given enough time.
Why not losing money matters more than multipliers
What might be more important than multipliers is not losing money. What many of you aren't aware of is how much it hurts when you lose money on your portfolio. In my experience, most cryptos lose money over time; 99% of cryptos lose money over time. If you lose money on most of your investments and then get 100x on one thing, you often won't even break even, because you lost so much money on your other investments. You took so much time with those other investments. You paid so many fees with those other investments. In my experience, the easiest way to win in crypto is to build a simple portfolio you don't lose money in and that gives you a chance to build wealth over time.
So I'll explain each of these. Avalanche I would have sold, but I staked it for a year and I was essentially stuck with that Avalanche out of the old portfolio. I sold everything else into this portfolio because, to me, it's allocated based on low risk, high reward for the majority. I see Ethereum and Bitcoin as relatively low risk, and they still each have the possibility to do 100x given enough time. It might be five years, it might be ten years, but I'm not in a hurry. I just want to take money and put it somewhere where, in the future, I'll have more spending power than I do today, which is the opposite of fiat money.
Ethereum: my top position at 42%
Let's talk about Ethereum first, because Ethereum right now is 42% of my portfolio. Ethereum has the most active users if you count all the layer twos using it. It has the most wallets with more than a dollar in them, even more than Bitcoin. It has the largest community in terms of value security, even more than Bitcoin if you count all the ERC-20s, all the stablecoins, all the NFTs. It is at or above the Bitcoin market cap already. Ethereum is truly the largest blockchain if you count all the layer twos that are dependent on it, and there are a bunch of things that use the Ethereum Virtual Machine as well. So Ethereum is truly the top crypto, in my opinion. Even though the market cap looks smaller than Bitcoin, I believe the Ethereum market cap will easily flip Bitcoin one day.
Ethereum is a deflationary asset currently as well, which means that just by holding it, with all the other people using it and burning it, I am likely to get a lot of upside on Ethereum because the supply is actually dropping right now. Unlike Bitcoin, where there are millions of dollars of new Bitcoin being mined every day, Ethereum is burning more than is being created with proof of stake right now. This is why Ethereum is my top position: this is asymmetric risk. I see that my Ethereum has the potential in the short term to easily 2x or 10x through the next bull market, and in the long term it has the potential to 50x or 100x. And I don't have to do anything. I just let this sit in a wallet. If I get enough Ethereum, I can even stake it and earn rewards as well.
I am holding my Ethereum in a cold wallet, and I'm not staking it, because the relatively small amount of staking rewards is offset by the risk of giving it to some third-party staking provider. So I'm not staking my Ethereum. I also already had a bunch of Ethereum from Gods Unchained, and most of those coins that have no fundamentals and are speculative, when I changed my portfolio, I sold most of them into Ethereum, with some into Bitcoin, Internet Computer, and Solana. That's the short version of why I have Ethereum as my top position.
Bitcoin: my guaranteed 40x
That takes us down to Bitcoin. What I'm seeing with Bitcoin is that it has the best chance of being a global reserve currency. It looks like BlackRock has an ETF coming for Bitcoin, and I am confident the price of Bitcoin will be a million dollars one day. I look at it as a guaranteed 40x buying Bitcoin now and just holding. Around $25,000, I am confident I'll get a 40x if I just wait, let my Bitcoin sit in a cold wallet, and let these other entities with big amounts of money, like BlackRock, like Tether, MicroStrategy, and governments buying into Bitcoin, keep buying.
Bitcoin looks like the crypto that people, countries, and companies will want to have on their balance sheet to prove they have reserves, and that the world will be using on all these other layer twos. You have things like Stacks, Internet Computer Protocol has Chain Key Bitcoin, you have Wrapped Bitcoin on another blockchain. To me, Bitcoin looks like the scarcity could really kick in, and I think having Ethereum and Bitcoin together is a great diversification because they have different problems.
I realize how Ethereum suffers from centralization through staking providers like Lido, which have around 33% of the Ethereum that is staked. That's a lot of centralization in Ethereum. I realize Bitcoin has a very small amount, like three or four developers, on the actual Bitcoin GitHub. You have huge mining companies that have a large influence over Bitcoin mining. There are definitely problems on both of these, but I think the ideal strategy is to hold both, and I think in the next bull run a lot of money is going to flow in at the top. What we've seen in the past is so much money flowing into the top and then funneling down to all these other coins. But investors are getting smarter and seeing that most of these coins are not long-term plays and that most of them are a gamble. Most of them you're going to lose your money on, which makes something like Bitcoin and Ethereum even more attractive.
Bitcoin and Ethereum are already the two main cryptos people buy first, and to big-money investors, Bitcoin and Ethereum are the only two trustworthy enough to merit putting their money into. This is why over 70% of my portfolio is Bitcoin and Ethereum. Believe it or not, a lot of crypto YouTubers' portfolios actually look like this. They talk about all these other junk coins to get views, but this is a very common portfolio for people who really know what's going on in crypto: a lot of Bitcoin and a lot of Ethereum. I have more Ethereum than some of the people I watch, like 15% Ethereum. I'm pretty heavy on Ethereum because I see it as lower risk, as low risk to me as Bitcoin, with a higher potential upside.
Internet Computer and Solana: my picks for the multipliers
Next, we'll move on to the last two. I'm not even going to talk about Avalanche, because if I could get rid of it out of my portfolio, I would, and I'd put it into Solana. The next two in my portfolio are Internet Computer and Solana, and these are cryptos I'm essentially married to. I've done my research, I want to continue accumulating more of them, and I'm out here looking for a fifth wife, essentially, in crypto terms. Avalanche, we're just waiting on the divorce papers to come through. I'm looking for a fifth one to add to this list, maybe BNB, maybe Tron. I want stuff I have a high level of confidence is going to go up in the future.
Internet Computer and Solana are my two picks for a generation after the Ethereum blockchain. Bitcoin was generation one, just doing Bitcoin, and then Ethereum was the first smart contract platform with the biggest community. Internet Computer and Solana are my top two picks for global mass-adoption cryptos, where you have really low transaction fees and you can do almost anything on those chains.
Internet Computer is almost 20% of my portfolio because Internet Computer has the best technology I've seen out of any crypto on the market. You can do HTTPS calls directly on the protocol. You can host websites and apps, dApps, directly on Internet Computer Protocol, and nothing else can do this. You can make a Chain Key Bitcoin transaction, a Bitcoin layer two. They've already built a Bitcoin layer two directly on Internet Computer Protocol, which means you can build all cryptocurrencies and all kinds of functionality into Internet Computer using Bitcoin, secured through chain key cryptography. Then Ethereum layer two, or Chain Key Ethereum, is coming on Internet Computer also.
I think Internet Computer is my top pick for the biggest multipliers, because it has the smallest market cap out of anything I've got in my portfolio, at around a billion or two. I see that if this hits Ethereum's market cap, that will be 100x for me, and this is my pick to really take the portfolio into multipliers. This is also a riskier play, and I'm very aware of the downsides of Internet Computer. In my experience, before you buy something you should very intentionally look at the good, the bad, and the ugly. The ugly on Internet Computer is that, while it's a protocol that talks a lot about decentralization, it's incredibly centralized. The founding team has all the voting power in the DAO that controls it, to a point where they make all the decisions in some areas, like code, and they have the power to decide almost anything else on the network.
Now, it's still very new, as is Solana. That said, maybe in the future it will be more decentralized as they continue to build the network out. But yes, I realize it's been a total rug pull up to this point, 99% down from its all-time high, and that's what stops a lot of people from looking further at Internet Computer. I've done a lot of research on it, and I'm betting on it because of the technology and because of the applications I see on there.
Why Internet Computer reminds me of early Ethereum
Internet Computer is the only crypto out there right now that reminds me of Ethereum when I first saw it. But when I first saw Ethereum, I was not mature enough as a crypto investor to capitalize on the understanding that this technology was something nothing else had. I didn't see how big it could be. With Internet Computer, I do see how big it could be, and that's why I've got so much of it. You can also stake it and earn about 5% or so in APR on rewards, which I'm doing. You can do the same thing with Solana, except with Internet Computer you need to lock it up for at least six months to get a return on it. That, to me, is something I don't like as much about it, especially compared with Solana.
Solana: my hedge in case I'm wrong
So let's talk about my last biggest position, which is Solana. Solana is probably my top priority. Solana or Bitcoin are the two I really want to push up right now in this existing portfolio. We've got a solid percentage of Internet Computer, and if it 100x's, it'll blow my Ethereum and Bitcoin positions away. But I want to load up some more Solana, especially around the $15 to under $20 mark. I've picked Solana primarily in case I'm wrong about Internet Computer. If I'm totally wrong about it, if having apps all on chain doesn't really matter, if Chainkey Bitcoin and Ethereum don't work out, then I've diversified my position with Solana. Basically, if Internet Computer didn't exist, Solana is the next best pick.
If Internet Computer falls off the market, Solana right now has one of the very highest amounts of daily active users. I realize it carries the same kind of history that Internet Computer has, with the rug pull and FTX and Alameda. Solana has that same issue with it as well, from what I see. To me, that's actually a mark that those two were known to have so much potential that they were intentionally exploited and people tried to destroy them. I see that both of them have very bright futures, and I am much more likely to get a 100x in one of these two than I am in Bitcoin and Ethereum in the short term. I think they both can really take off in the next bull run, especially with Solana being listed and available to investors in Hong Kong, which will get out to mainland China as well. Internet Computer is not on that list so far. Solana has so many daily active users, very low transaction fees, and you have blockchains and layer ones like Helium and Render that ditched their own layer one to come over to Solana. So if I'm wrong about Internet Computer, Solana is going to make up for it. Let's say Internet Computer goes to zero. In that scenario, I have high confidence that Solana will cover all of my Internet Computer position and much more.
This is an easy portfolio, not a hard one
This might look like a boring portfolio to you, but I'm going to do some more videos in the future on how we work too hard with crypto investing. This is not hard. This is an easy portfolio. All of these are available on Coinbase, and you can store all of them except Internet Computer easily on a cold wallet. You can put Internet Computer on a web wallet.
Now, someone watching me film this live said, "So you didn't know what was going on a few months ago when you made videos on all the junk coins?" I did know what I was doing making those videos. My primary objective was to get views, and that worked very well. I've effectively got this entire portfolio given to me for free in exchange for making videos about all those junk coins. That's why I made all those videos before, and that's why most other YouTubers are making videos about them. But what happened was, when my channel was taken down for a week, I realized I had a big problem. While I had put so much energy into that channel, I actually had a piss-poor portfolio as an investor. So I had to make a decision. I could either make videos to get views and then use the views to buy crypto, and a lot of times I was just buying those coins because I knew it'd make a great format to get a ton of views if I bought them myself. But I saw that if my crypto channel became a total loss, I needed to fix my portfolio, because a lot of what I was holding was actually a piss-poor investment. This portfolio is what I fixed it into.
Why I dropped DSO for Internet Computer
Some of you have asked why I don't have DSO on here. I dropped DSO for Internet Computer because Internet Computer's technology is way ahead of DSO's. The community is way ahead of DSO's. There are several apps on Internet Computer that are single-handedly ahead on daily active users. So I dropped my DSO. Now, I still have my Jerry Banfield coin on DSO, which right now has about $1,000 of DSO locked up in it if I sold it, so technically I still have access to some DSO. But I've dropped the rest for Internet Computer, because when you're investing, you need to collapse your money into the very best assets. If you're just holding 20, 30, 40, 50 different cryptos, it's almost certain you haven't really researched those that well and you're diversified because you don't know anything. You don't know how to manage your money better. These, to me, are the best picks right now on the market. So why would I want to sit on DSO when I could shift it into Internet Computer? That's the reason Internet Computer got so big in here: I shifted my DSO into it.
These are all long-term holds. The only reason to sell would be if my portfolio gets out of balance. For example, if Internet Computer 100x's while Ethereum and Bitcoin still look good and have gone up 5x, then maybe we'd shift some of the Internet Computer into Ethereum or Bitcoin if they looked better. But I am very grateful for that week my channel was taken down, because it showed me something I had already seen earlier. I'd been trying to make some responsible videos, but it was too tempting to just make a video saying, "This stupid coin, I bought $50 of it," and then that video makes me $50, $100, several hundred dollars in revenue. It was too tempting to just grab that money for myself. So I'm very grateful. This, to me, is a strong portfolio for smart, mature crypto investors. It's one with very high upside, and in my experience it's unlikely I'm going to lose money on it over the long term. In the short term, I don't care if we take a little bit of a bath. I've lost hundreds of dollars in the short term on Internet Computer and Solana, and lost a little in Ethereum too. It doesn't matter, because these are long-term holds. This is what has worked for me, and I'm sharing my own experience rather than telling you what to do with your money.
Where to go deeper with me
I can't believe I've gone on about this for 20 minutes, so I hope it's useful for you. If you'd like to get a comprehensive education, I put together a 6-hour-and-44-minute course of 101 cryptocurrency lessons I learned, and I'll be dropping those out in bite-sized chunks for you going forward as well. If you want to see altcoin reviews, mostly bad ones, then my Crypto Reviews playlist is blowing up. I basically go through and tell you why cryptos suck, and a lot of the cryptos I bought before, I'm going through and saying they suck now, because when you do further research and compare them to what else you could buy, they do suck.
If you'd like to know whenever I make a crypto buy, ask me a question directly, or just be part of the same community where all of this comes together, the best way to do that today is to join the Jerry Banfield Family. I've moved away from selling separate courses and running scattered programs precisely because it brings all the people from all my channels together into the same place, which is a lot better for everyone than being split up across different products.
Thank you so much for checking out my new crypto portfolio. So much love, and take care.