The pseudonymous host of a well-liked blockchain YouTube channel is letting subscribers in on his crypto portfolio.
With Ethereum (ETH) set to merge within the coming days, Coin Bureau host Man is updating his crypto assortment.
“Though I’m hedged in opposition to the merge not going completely to plan, I’m nonetheless assured that, effectively, it’s going to. ‘Vitalik be upon us.’ As such, over the previous few weeks, I’ve added some LDO [Lido DAO] and a few STETH [Lido Staked Ether] to my holdings.
They now account for simply shy of three % of my portfolio. ETH, in fact, stays my greatest particular person holding at slightly below 41%. Now, a profitable merge must be excellent news for LDO, STETH, and ETH, although I doubt I’ll truly promote a lot until they actually, actually pump.”
The Coin Bureau host then factors out ETH rival Solana (SOL) as the perfect layer-1 hedge in opposition to the merge failing.
“My focus has at all times been long-term and, to be trustworthy, I’ve by no means actually been one to commerce. However, as any accountable crypto holder ought to, I’ve at all times stored some dry powder available simply in case I spot a shopping for alternative. Now, I preserve mine in USDC [US Dollar Coin] and I just lately determined to make use of a few of that as a way to purchase some extra SOL.
Mainly, Solana is a challenge I imagine in regardless of its current struggles and I needed to hedge a bit extra in opposition to any potential merge points. Even when the merge goes easily, I nonetheless suppose SOL has room to develop.”
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