Analyst Mike Jenkins reveals his massive gaining portfolio: Top Holdings & Investing Strategy!

In the latest video, the widely followed crypto strategist Mike Jenkins from Coin Bureau reveals the breakdown of his crypto portfolio, the reasons for his holding as well as his personal crypto investing strategy.

analyst-mike-jenkins-reveals-his-massive-gaining-portfolio-top-holdings-investing-strategy

Bitcoin (BTC)

The first cryptocurrency that Jenkins hold is “the one and only” Bitcoin, which currently makes up about 27% of his crypto portfolio.

“I wholeheartedly believe that Bitcoin is the best hedge against the current monetary system and I unironically consider BTC to be digital gold”, the trader says.

He explains the reason for this is because BTC has a limited supply, this supply is quite equitably distributed and BTC has stood the test of time as a currency.

In addition, despite the fact that “Bitcoin is definitely not the most efficient cryptocurrency blockchain out there, it’s unlikely that BTC will become the commonly used digital cache Satoshi intended it to be as well as its limited programmability that cannot effectively support smart contracts or run decentralized applications without the use of a secondary chain”, the trader strongly believes that there is one thing Bitcoin does better than any other cryptocurrency fiat currency or financial institution.

“And that is storing and transferring value in a secure decentralized and peer-to-peer manner”, Jenkins says.

Ethereum (ETH)

ETH currently accounts for just over 30% of Jenkins’s total crypto holdings, which makes it the largest slice of his portfolio pie.

“While Bitcoin functions as a store of value, Ethereum intends to be the world computer of the new decentralized internet”.

He adds:

Ethereum has the largest ecosystem of any cryptocurrency on the market. This is partially due to its first-mover advantage as a smart contract cryptocurrency, but also because it has proven itself to be just as robust as Bitcoin since its launch in 2015″.

Ethereum’s 3000 plus dApps have millions of monthly users, which is magnitudes more than any other cryptocurrency blockchain. Ethereum continues to have thousands of users despite high gas fees.

Polkadot (DOT)

The third cryptocurrency in the crypto KOL’s portfolio is Polkadot, with DOT currently representing exactly 9.34% of his total crypto holdings.

“As far as I can tell, Polkadot’s ecosystem is the largest after Ethereum’s, with at least 400 projects building on Polkadot”.

Although Polkadot has not yet plugged in the parachains required to power the dozens of dApps waiting to deploy, this is expected to begin within the next few weeks which is much sooner than Ethereum 2.0.

It means that DOT is destined to see an uptick in demand as users start to flock to Polkadots flourishing ecosystem. This will actually start to happen well before the power chains go live because of parachain slot auctions”, Jenkins highlights.

Cardano (ADA)

The fourth crypto project contained in the analyst’s coffers is Cardano, and ADA accounts for just under 8% of his crypto account.

“Like Polkadot, I see Cardano as a hedge to anything going wrong with Ethereum… I am a huge fan of Cardano’s peer review approach to research and development even though it has really drawn out the rollout of its blockchain”.

Additionally, the trader says that he has a feeling that Cardano will be running smart contracts much sooner than Polkadot, which would theoretically make it the next runner up to Ethereum.

However, Jenkins notes that while Cardano seems to have a larger community than Polkadot, it does not have nearly the same amount of projects building on it for the time being, hence the smaller allocation.

“It’s very unlikely we will see any issues with Cardano’s smart contracts, I still think the risk is higher than with Polkadot smart contracts”.

Chainlink (LINK)

Speaking of LINK, Chainlink is the fifth cryptocurrency Jenkins holds, and just over 4% of his portfolio is in LINK. This is because oracles are required to feed real-world data into cryptocurrency blockchains.

“My personal preference is Chainlink because it has the largest ecosystem of any oracle. It has 500 partnerships and over 80 of these partnerships are with smart contract blockchains”.

LINK is required to pay for data feeds from Chainlink, so it’s logical to assume that the price of LINK will go up as the cryptocurrency ecosystem continues to grow along with its demand for real-world data.

Portfolio strategy

“Ever since I started investing back in 2016, I’ve been gradually tilting my portfolio between Bitcoin, Ethereum, and a selection of other altcoins”.

He explains that because the cryptocurrency market tends to ebb and flow – from Bitcoin to Ethereum and then to altcoins. Moreover, although he has not always made the right calls, but regularly taking profits has offset any major losses.

Long term, Jenkins is looking to stack sats and am using every other altcoin in his portfolio to do this.

“Cash is trash, remember that!”

Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.

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