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Top trader Lark Davis unveils his crypto portfolio holdings and strategies

Popular crypto KOL Lark Davis shares with his subscribers his 5 biggest crypto holdings as well as his strategies for these coins.

Bitcoin (BTC)

As a long-term bull in Bitcoin (BTC), Davis allocated 30% of his portfolio his the king of crypto assets.

“Bitcoin is not one of those coins that are going to make you super-rich. If you buy bitcoin now, it’s still going to do a 10x, maybe more maybe a 20x by the end of the decade.”

According to the analyst, investing in altcoins these days would drive returns faster and bigger. However, Davis highlights that it is better to have a low-risk asset in the portfolio that will definitely appreciate over time.

“What I’ve been doing is I’m making money in altcoins, moving money from high risk profits and putting it into low-risk areas, which is why I take profit small coins and pile it into Bitcoin. Bitcoin is a long-term wealth asset for me. It is digital gold in my portfolio. I treat it in a similar fashion as I would a gold investment except for that bitcoin it’s still in price discovery,”

Besides, instead of putting BTC in cold wallet, Davis recommends deposit Bitcoin in Celsius to earn an interest of 6.2% BTC per year.

Ethereum (ETH)

Next on the list is Ethereum (ETH). Davis says that 20% of his portfolio is for Ethereum. Similar to BTC, the trader unveils that he is only accumulating ETH at this point as this is his long-term asset.

“In terms of the high fees on chain right now, other blockchains are definitely capitalizing on ethereum’s high fee situation at the moment but the mechanics of ethereum are very very bullish. We have EIP-1559 burning truckloads of ethereum. We have staking rates which are looking very attractive. We have the complete switch of the economic incentives when we switch from a proof of work economy over to a proof of stake economy. So lots of reasons to be very very bullish on ethereum,”

Davis is putting his ETH in Celsius to earn an interest of 5.35% ETH per year. Besides, he  also stakes ETH in Lido Finance, bring it to Yearn Finace, and put it into Curve stETH to earn 7.34% on ETH.

Others

USDC is next on the list in which it is comprised of 10% of the trader’s portfolio. Similar to the above coins, Davis puts USDC into Celsius to earn 8.8% interest. However, Davis points out that much of his USDC is sitting in Anchor protocol that earns 19.4% per annum.

Elrond (EGLD)

According to Davis, he invested in Elrond since it was less than $10 and now it has risen up to $247 at the time of the video. The trader says that he has been adding more into his position recently as the Elrond is about to go live and he expects Elrond to reach more than a thousand dollar.

“I bought a nice little stack of Elrond there because I just had this feeling that the other layer one platforms are popping off and Elrond’s got so much coming up that is so bullish. It’s got the Maiar exchange launch. It’s got their launchpad coming up and we’re gonna start seeing Elrond tokens coming to life very soon,”

Polygon (MATIC) and Pokadot (DOT)

The last 2 long-term assets on Davis’s list is Polygon and Polkadot as these two networks has strong fundamentals and huge and active community.

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