- Ben Armstrong released a new video “2023 Crypto Portfolio STRATEGY” on his channel BitBoy Crypto.
- He shared the strategies that he has adopted to withstand a severe crypto winter if it is expected to affect the crypto space the next year.
- He said that the stablecoins he holds are saved for future purposes to use them at the time of “Armageddon”.
The cryptocurrency enthusiast and content creator, Ben Armstrong, released his new video “2023 Crypto Portfolio STRATEGY!” on his YouTube channel BitBoy Crypto. He presented an overall analysis of the portfolio, which is “doing pretty well with ETH and Cardano dollar-cost averaging”, along with sharing his crypto strategies for 2023.
In the video, Armstrong particularly shared his strategies to withstand a severe crypto winter if it is expected to affect the crypto space the next year.
Notably, he started by sharing the details of the $25,000 portfolio, pointing out that it’s down about $6000. Later, he went on to narrate about the downfalls of his other portfolios including the $10,000 portfolio, the Kucoin ISO 20022 portfolio, and the $1K portfolio, which plummeted by almost 24%, 9%, and 25% respectively.
Further, he exhibited the list of stablecoins that he holds in his portfolios, stating that he has more than 10% in stablecoins across all the portfolios. He declared that as he is interested in the stablecoin USDC, he “may be starting to apply some of that in the ISO 20022”.
After mentioning that in the $1K portfolio, he holds around 15%-20% in stablecoins, Armstrong cited the major reason for him holding these stablecoins; he holds them for the future as a means to escape the “Armageddon” or the worst conflict:
If we were to plummet below where we’re at now in the crypto markets, that’s when I start applying these stablecoins.
In addition, he told that the stablecoins would not be added to the market as long as the bitcoin stands between $15,000 to $20,000. Once bitcoins fall below $15,000, he would start moving the stables into the market.
It is noteworthy that his strategy is to still hold half of these stables to use them at the worst time of the crypto field, when the bitcoin goes below $8,000, to the “Armageddon numbers”.
While concluding the video, Armstrong added that it’s the time for “patience” and that currently, he hasn’t made any movements in coins particularly, as the market has fallen “obviously down a little bit further”.
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