IS IT TOO LATE TO OWN 1 BTC?

Hey, fellow crypto connoisseurs!

I hope this email finds you swimming in a sea of digital gold.

And - as this week's newsletter will highlight - it's a sea that's becoming more and more crowded! Move over Bondi 😎 crypto is in town.

So, let's imagine we're sitting on the Gold Coast, swimmers on, ready to dive in for a quick dip 🏖️...

• Recognise - Hyperbitcoinization is on the way 📈 🤩?!
• Respond - Tips to build a market-beating crypto portfolio 📊️
• Research - ETH staking returns hit new highs 👉 new crypto to watch 👀

RECOGNISE - HOW MANY WALLETS NOW HOLD 1 BTC 📈 🤩?!? AND WHAT IS HYPERBITCOINIZATION?

Who says that crypto adoption isn't happening?

Take them by the hand. Drag them outside. And hose them down with these stats I'm about to share 🌊.

According to Glassnode, the number of wallets that are now holding 1 whole BTC has just ticked past 1 million.

I'll repeat that - there are 1 million wallet addresses that now hold AT LEAST 1 BTC.

Now, although this does not equate to 1 million users (1 user may have multiple 1+ BTC wallets), if the trend continues, hyperbitcoinization is on the way!

"Hyper....what?!?"

Adam Beck, the CEO of Blockstream, tweeted during the week that if 10 million people tried to accumulate 1 BTC - which really isn't that many people worldwide 🌎 - the price of the coin could simply disappear out of reach.

As more and more try to accumulate 1 BTC - and those that have already accumulated 1 BTC are not selling - the price of BTC would have to move higher.

"How much higher?" I can hear you scream. Well... A LOT higher!

So high that 1 BTC might become unattainable.

But as obtaining 1 BTC is still an attainable goal, let's take a look at what price has been doing this week and what to look out for this upcoming week.

The price of Bitcoin has continued to retest the $27,000 zone of support and has traded within a tight range all week 🥱.

Unless we see a promising climb above $27,000, and a daily close above, I am currently more bearish on a daily time frame.

Particularly as the daily RSI continues to hover below 50 (orange circle).

However, if you zoom out to the weekly time frame on your own charts - you can see that we are still very much in a bullish trend (higher-highs and higher-lows).

Remember - with the March move from $20,000 up to $31,000 the macro bear trend (yellow) was invalidated for the first time since November 2021.

BUT, the price of BTC can still come down to retest that invalidation zone - which means we should expect price (at some point) to fall into the $22,000 to $24,000 range (green box).

So, for this upcoming week, I'll be hoping for price to climb back above $27,000 - potentially supported by the 200-week MA again - but in reality, I'm anticipating a fall back towards $24,000 if bearish technicals continue.

And while things are quiet on the price front, I'm going to take the time to reevaluate my portfolio composition? 👇...

RESPOND - TIPS FOR HOW TO BUILD A MARKET-BEATING PORTFOLIO 📊

There are over 10,000+ cryptocurrencies that litter the crypto market.

Most of them are rubbish.

And no one can ever really knows which one is going to do the next 50x.

But even with the odds stacked against us, this is what we're all aiming for 👇...

But it can be a daunting task trying to build a crypto portfolio from scratch. What the heck do you focus on?

Well, the good thing is there is no silver bullet 🔫 - which means whatever your portfolio looks like it can't be wrong 🙌.

What works for you might not work for me.

But, with that being said, there are always some useful tips that can be followed to help maximise returns.

Let's first look at what role each crypto plays in a portfolio.

• Stablecoins - should protect you from market volatility and be held in reserve to buy dips 📉.
• Blue chips - BTC & ETH are the only two I would put in this category. Coins that have been in a long-term uptrend that have broken previous ATHs.
• Mid-risk plays - second-tier cryptocurrencies that are not yet proven but that hold a higher market cap ranking (>100M). They are liquid and can be traded easily.
• High-risk plays - third-tier cryptocurrencies that have a lower market cap ranking (<100M). These are the projects that can still fall to 0 but that can also return 50x/100x/1000x 🤑

Now we know the different components - what should the overall composition of a portfolio look like?

Well, this is where it comes down to the risk profile you want to adopt.

Here are a few examples of what you COULD do.

The Bitcoin or Ethereum Maxi Portfolio

• Nearly 100% of funds in either BTC or ETH
• Entered using a dollar-cost averaging strategy
• Likely lower returns as there is less upside but could still easily 5x-10x

The Accumulator Portfolio

• 70% of funds in stablecoins or blue chips - BTC/ETH
• 30% in high-risk plays
• Profits are piled back into stablecoins and blue chips
• Provides the stability of blue chips while still having the opportunity for strong returns from high-risk cryptos

The 50/30/20 Portfolio

• 50% of funds in stablecoins or blue chips - BTC/ETH
• 30% in mid-high-risk plays - alternative L1s/L2s
• 15% in high-risk plays
• 5% to trade
• Still provides stability, but gives greater room for manoeuvrability

Now, I'll openly say that 50/30/20 portfolio is the one I opt for, but it will definitely not be for everyone. While it provides enough stability and security for me, it might not provide enough for you!

But, the most important point to take away from this is to have a composition in mind. Something that you can work towards and something that keeps you in line.

Does that crypto fit into my portfolio structure? No? Then move on.

Final Tip ✅

It can be very tempting to enter the crypto market with a scattergun approach - buying up everything and anything.

But that won't get you anywhere.

If you accumulate too many cryptocurrencies, the capital you have deployed in each won't be enough to make material gains when prices start to increase.

So, don't overthink. Choose your composition. Choose cryptos that fit that composition and stick to it 🎯.

RESEARCH - WE LOOK TO ETH STAKING INFRASTRUCTURE AS RETURNS HIT NEW HIGHS (CRYPTO TO WATCH) 👀?

Ethereum staking returns hit brand-new highs this week.

After bumbling along around the 4-5% range, staking returns jumped to 8.6%! - which is a record high!

Most believe this is due to memecoin mania 🐸 and the higher gas fees that were associated. Damn you PEPE 🙄!

Although many were worried that the Shapella (Shanghai) upgrade would lead to a mass exodus from Ethereum, the blockchain has actually received a net inflow of 734,920 ETH into its staking contract over the last 30 days.

This is exactly why I want to highlight Lido Finance and the LIDO token.

To stake Ethereum in the blockchain and earn interest on your holdings you need to lock up a minimum of 32 ETH - a large barrier to entry for most.

But Lido Finance removes that barrier to entry.

It allows for liquid staking - meaning that you don't need 32 ETH to participate and earn rewards (and there is no lockup period).

And because of this flexibility, the protocol has become extremely popular.

So popular that it has now become the largest DeFi application by total value locked. It currently has $11.66 billion on its books 👀!

All of this has helped to drive demand for the LIDO token, which is the governance token of the protocol's Lido DAO.

So, based on my belief that:

• Ethereum staking is only going to become more popular as investors seek to leverage cryptos for interest and...
• ...with the possibility to add more blockchains to the protocol in the future...

...I think LIDO has great potential for the future.

It's for these reasons that it is now firmly ingrained into my watch list.

And that brings us to the end of this week's newsletter!

That was a long one, so thanks for sticking with me.

As always, thank you so much for subscribing, and if you ever have any thoughts or suggestions for the newsletter, ping me an email or a message on socials any time 🙌.

Have a great weekend and I'll see you for the next one.

James

CEO & Founder of Access All Crypto

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