Cryptocurrency enthusiast and content creator Ben Armstrong has released a new video. Armstrong, “2023 Crypto Portfolio STRATEGY!” He shared his crypto strategies for 2023 in his video titled. However, the analyst offered an overall analysis of the portfolio, which is “performing quite well with the altcoin dollar cost average.” Here are the details…
Analyst keeps these altcoin projects in his portfolio
Cryptocurrency influencer Ben Armstrong shared his views on the cryptocurrency markets in his new video. The analyst said that the crypto winter will be especially effective next year. He also shared his strategies for surviving a severe crypto winter. In particular, Armstrong shared details of the $25,000 portfolio. However, he also noted that his portfolio has dropped by about $6,000. He then went on to describe the declines of his other portfolios, including the $10,000 portfolio, the Kucoin ISO 20022 portfolio, and the $1k portfolio, which dropped by almost 24%, 9%, and 25%, respectively.
In addition, Armstrong also provided the list of stablecoins he holds in his portfolios. That said, stablecoins are more than 10% across all portfolios. He explained that as stablecoin deals with USDC, it “may be starting to implement some of it in ISO 20022.” Armstrong stated that stablecoins have a share of around 15%-20% in the $1,000 portfolio. He also cited the primary reason he holds these stablecoins. The analyst sees them as a means of escaping major future collapses. The analyst said in a statement:
If we get below where we are now in the crypto markets, then I would start implementing these stablecoins.
Armstron draws attention to the importance of stablecoins
In addition, the analyst said that as long as Bitcoin stands between $15,000 and $20,000, stablecoins will not be added to the market. When Bitcoins drop below $15,000, he will decide to move his Stablecoins to the market. He said his strategy is to stay afloat thanks to these stablecoins when Bitcoin drops below $8,000 at the worst time in the crypto space. As Armstrong concluded the video, he added that the time has come for “patience” and that he is currently not making any moves, especially in altcoin projects, as the market is “clearly a little lower.”
As we reported on Kriptokoin.com, the price of Bitcoin has dropped by about 70 percent in the last 1 year. When we look at the markets; The leading cryptocurrency BTC gained 1.23% today. However, its price continues to trade at $16,832.54. Also, the leading altcoin Ethereum lost 0.6% today. Its price continues to trade at $1,219.13.
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