I am new to the crypto scene and have a total of $100,000 to invest. I am evaluating which cryptocurrencies might yield the strongest returns. My initial thought is to allocate $70,000 to Bitcoin and the remaining $30,000 to Ethereum, but I am open to other suggestions. I would appreciate input on whether this allocation is optimal or if diversifying into other digital assets might be more beneficial. What approach would you recommend for a strategic investment in crypto?
The allocation you described leans heavily on older and more established assets, which can be a sound strategy, but it may also limit your exposure to coins with higher growth potential. In my experience, diversifying across several digital assets has provided a better balance between risk and reward. It may help to allocate a portion of your investment to promising altcoins or projects with strong technological fundamentals. It is important to continuously assess market developments and adjust your portfolio accordingly to better capture emerging trends within the crypto space.