Cryptocurrency trader and YouTuber Ben Armstrong is revealing the composition of his multi-million dollar digital asset portfolio.
In a new video, Armstrong says while he is heavily invested in altcoins, BTC is his largest holding which constitutes 30% of his crypto basket.
Other crypto assets that comprise at least 10% of his portfolio are the second and fifth-largest tokens by market cap respectively.
“We have Bitcoin as 30% of our portfolio right now. We have Ethereum (ETH) as 22% and then Cardano (ADA), 10.92%.”
The eight assets that individually comprise 5.2% or less of Armstrong’s portfolio in descending order are: Polkadot (DOT), Aave, The Graph (GRT), USD, Chainlink (LINK), Ethernity (ERN), Synthetix (SNX) and Elrond (EGLD).
Other altcoins constitute about 15% of Armstrong’s portfolio combined.
Armstrong highlights that his top-three most profitable altcoins are Ethereum competitor Cardano, browser-first cryptocurrency Nimiq (NIM) and non-fungible token (NFT) project Ethernity Chain – which he predicts could become the most profitable in future.
“Our most profitable coins here are Cardano, it’s our number one most profitable coin we’ve ever had, and ERN. And I think that ERN is going to end up actually being number one here in the near future.”
The YouTuber adds that Ethereum, Aave and Tether (USDT) have incurred the largest losses in his portfolio.
“And you guys can see down here coins with the biggest losses. Aave, we kind of bought a lot at the top of that. And then Ethereum (ETH). I don’t know why it’s showing Ethereum with one of the most losses. I guess just because it’s been lagging lately.”
Disclaimer: Opinions expressed at cryptotrade247.eu are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. cryptotrade247.eu does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is cryptotrade247.eu an investment advisor. Please note that cryptotrade247.eu participates in affiliate marketing.
Featured Image: Shutterstock/ Sergey Nivens