Oversized crypto holdings

I’m back in New York for the long weekend for a wedding. I’m dead after a red eye but this city is energizing and I’m happy to be back.

I was doing some analysis on my portfolio today and realized just how outsized my crypto position has grown. The position is due to growth in the past year, but nevertheless it’s outsized. I know I’m not the only one in this position of course.

The level headed wise financial advisor would say to trim the position and diversify.

The bitcoin head would say selling defies the point of holding bitcoin so HODL.

The ethereum head would say diversify and convert some of those ETH into NFTs.

I’m not yet sure how I’m going to act on this, but it’ll likely be a combination of all the above. At the end of the day, we are living in a bubble. Will this bubble burst like the dotcom bust? Probably not, but that’s no excuse to be reckless either.