Research Summary
The report provides an in-depth analysis of Kyle Reidhead’s 2024 crypto portfolio, detailing his asset allocation, investment strategies, and expectations for the year. It also offers insights into his onchain and offchain portfolios, with a particular focus on his Ethereum ($ETH) holdings.
Key Takeaways
Portfolio Breakdown
- Asset Allocation: Kyle’s portfolio is heavily weighted towards Ethereum ($ETH), which constitutes 55% of his onchain portfolio. The report does not disclose the other assets in his portfolio.
- Onchain vs Offchain: Kyle maintains both onchain and offchain portfolios, with the former being five times larger than the latter. His onchain portfolio is primarily composed of crypto assets, while the offchain portfolio is not detailed in the report.
Ethereum Investment Strategy
- Staking and Yield Farming: Kyle has diversified his Ethereum holdings across various staking and yield farming platforms. He has staked 58% of his $ETH in $rETH and 15% in $stETH, both earning approximately 4% APY. He also farms airdrops using different percentages of his $ETH.
- Long-term Holding: Kyle does not plan to sell any of his onchain $ETH this cycle, indicating a long-term investment strategy. He also holds a position in an ETH ETF within his Tax Free Savings Account (TFSA), which he plans to convert into $USD later in the cycle.
Investment Expectations
- Portfolio Growth: Kyle expects his portfolio to grow 5-10x in 2024, following a 3x growth in 2023. He attributes this potential growth to the dynamic nature of the crypto space.
Risk Management
- Hedging Strategy: Kyle’s risk management strategy includes holding cash and cash-like investments, real estate, and businesses. These assets serve as hedges against potential collapse in the crypto industry.
Actionable Insights
- Consider Diversification: Kyle’s portfolio demonstrates the importance of diversification in managing risk and maximizing returns. Investors may consider diversifying their portfolios across different assets and investment strategies.
- Explore Staking and Yield Farming: The report highlights the potential benefits of staking and yield farming in generating additional returns. Investors may explore these strategies as part of their crypto investment approach.
- Long-term Holding: Kyle’s strategy of holding $ETH for the long term underscores the potential of long-term holding in crypto investment. Investors may consider this strategy for assets they have high conviction in.
- Understand Risk Management: Kyle’s hedging strategy emphasizes the importance of risk management in crypto investment. Investors may consider incorporating similar risk management strategies in their investment approach.
