The cryptocurrency positions on my portfolio page are not accurate. I have roughly 8% of my investment portfolio in cryptocurrency : 72% in
$BTC.X , 15% in
$ETH.X , 3%
$ZEC.X, 7% in
$USDC.X & 3% in Misc.
My strategy has been to do regular monthly buys (DCA) and I plan to hold for the long term (5 years).
A certain portion of my crypto portfolio is allocated to services such as blockfi which allow me to earn interest: (
$BTC.X 6% APY,
$ETH.X 5.3% APY,
$USDC.X 8.6% APY).
I would consider trimming some of my positions if my cryptocurrency portfolio grew to more than 25% of my overall portfolio.
If you plan on buying and holding Cryptocurrency long term, I suggest using BlockFi:
They custody their assets with Gemini which is a reputable exchange would a good security track record. I have a feeling more services like this will be popping up in the not to distant future.
I would be very cautious lending your cryptocurrency out on DeFi services without doing a lot of due diligence. Compound is great, is regularly audited and backed by credible investors but many others are not.
