The BEST Crypto Portfolio For 2023 (Prepping for a Bull Market)

As we usher in 2023, the potential for a bull market in the crypto space is palpable. This article will delve into crafting the optimal crypto portfolio for the year, spotlighting promising digital assets that could drive significant returns. Let’s explore the frontier of crypto investing in 2023!

  • Highlight 1: Uncover the top-performing cryptocurrencies to consider for your 2023 portfolio, from established giants to emerging contenders.
  • Highlight 2: Gain insights into the market trends and technological advancements shaping the crypto landscape in 2023.
  • Highlight 3: Learn effective strategies for portfolio diversification in the crypto market, balancing potential returns with risk management.

Today I’m building the ultimate millionaire crypto portfolio in 2023 to prepare for the next Bull Run to do this you need diversity and quality so if you want to know what tokens I’m buying and how much of each keep watching welcome back to the virtual bacon Channel where

I teach you how to build walls in crypto crypto investing is very different from crypto trading due to the volatile nature of crypto trading it isn’t for everyone in fact trading is not the most profitable strategy because most people end up losing money in the long run the

Most profitable strategy I recommend is to buy during the late stages of the bear Market which is right now and holding for the long term the trick is to fill your portfolio with quality projects that have a high chance to become popular again in the next Bull

Run and allocate the right amounts based on their potential returns and your risk tolerance I’ve said this in all my videos recently bear markets are the easiest time to make money as long as you are patient and right now is the best time to create a crypto portfolio

Because we’re in the late stages of the bear Market the CPI number and the latest fomc speech are showing that inflation is slowing down and the U.S fed might start to Pivot in 2023. the next Bitcoin having is also coming in April 2024 and the crypto bull runs

Usually start one year before the Bitcoin having lastly most leverage in the crypto markets have been washed out lending platforms are all going bust and greedy players like Celsius and FTX have all collapsed all of these signs are showing 2023 to be the potential start

Of the next Bull Run cool on to the portfolio I looked at several key factors of each project to determine whether it was a buy for me or not number one will the token survive a prolonged bear market number two how big is the fully dilute evaluation compared

To its competitors number three is the project team still motivated to continue working on the project or have they given up number four is the project in a narrative that’s likely to see hype again in the next cycle and number five is it the leader in its sector and is

The project continuing to grow by user adoption and money metrics after looking at each project on these criteria here is the complete break down of my ultimate crypto portfolio for 2023. first up we have the biggest part of my portfolio Bitcoin and ethereum which take up 25 each in this portfolio this

Is because they’re the safest Assets in crypto and actually have super good Roi Potential from current prices assuming Bitcoin and ethereum can both make a new all-time high by the next Bull Run Peak with a conservative estimate of reaching 2x the 2021 all-time high that gives us

A target of 136 000 per Bitcoin and nine point six thousand dollars per ethereum at today’s prices that’s an 8X return for both Bitcoin and ethereum no they don’t have 50x potential but I’ll never be upset with an 8X return within a few years Bitcoin and ethereum both have the

Highest chance of actually achieving these targets among all other cryptos since they’re the largest and most recognized coins so because of this I’m allocating 50 of this portfolio to BTC and eth if you want to learn how I’m accumulating Bitcoin and ethereum in the bear Market it check out my Bitcoin

Bottom Buying plan video link is in the description next up in my portfolio is polygon’s Matic token which takes up five percent of this portfolio polygon is the leading ethereum scaling solution and as ethereum continues to dominate the decentralized application space it’s clear that polygon will continue to

Write the same adoption wave another reason why I’m bullish on polygon is that unlike other layer 2 scaling Solutions polygon supports all types of layer 2 technology they have the old POS sidechain optimistic rollups ZK Roll-Ups app chains privacy chains or whatever new technology to emerge in the future

It’s clear that polygons approach is to latch onto the ethereum layer 2 narrative and adapt to whichever technology that ends up being the winning solution this makes them extremely flexible and highly likely to survive in the long run for these reasons I see polygon as a no-brainer pick assuming ethereum continues to do

Well in the next cycle one concern for polygon is that they still haven’t released most of their skill Building Solutions to support ethereum mainnet this is a clear distinction that people get wrong all the time the polygon Network you are using today is a separate layer 1 blockchain rather than

A layer 2 for ethereum they call it a side chain but it’s technically not the full layer 2 solution yet the layer 2 Technologies of polygons still haven’t been released to the public this is understandable as polygon wants to focus on all the layer 2 Technologies in order

To not miss the boat but this means they’re prolonging time to reach the market another downside of polygon is its high valuation currently already a top 10 crypto it sits at a 7 billion dollar valuation assuming polygon price pumps alongside ethereum it needs to outperform the 8X estimate of eth to be

Worth the investment and because of this I haven’t bought into the Matic position just yet I’ll continue to watch its price relative to ethereum with the goal of eventually allocating five percent of the portfolio to it for my polygon price Target as well as other altcoin price

Targets make sure to check my latest video on the top 10 and all coin picks for the next Bull Run link is in the description the next altcoin in my portfolio is arbitrum arbitrum is another leader in the ethereum layer 2 space arbitrum’s main advantage over polygon is their exceptional technology

Which is already live on mainnet the arbitrim 1 roll-up has been widely adopted by the ethereum community for one and a half years and is currently the number one choice for ethereum developers this is due to arbitrum heavily focusing on the optimistic roll up as their layer 2 technology instead

Of adopting every type of solution like polygon that’s not to say arbitrim is behind in technology as they are also actively working on their own app chains called arbitrum trust and already have adoption from web 2 giants like Reddit the reason I picked arbitrum over the other competitors like optimism or

Mathis is for their larger ecosystem and user adoption as a crypto developer and investor myself I talk to so many new blockchains with Big Ambitions but no user or developer traction so trust me when I say that to build a successful ecosystems you have to get the builders

On board arbitrim has been able to sustain its high tvl or total value locked and the fees for the majority of 2022 all without any incentive to attract people this means developers are willingly choosing arbitrim as their Network to deploy on and users are enjoying their experience I can

Personally attest to the user experience of arbitrim as it is second to none transactions go through in under two seconds and it truly feels like I’m interacting with a traditional website rather than a decentralized app this is in Stellar contrast to optimism which was unable to sustain its tvl and users

Even with their op token acting as incentive to attract users keep in mind that the arbitrim token is not released yet but there is an opportunity right now to qualify for the arbitrim airdrop that will likely take place within the next few months I have made an in-depth

Video on how to get the arbitrim airdrop check it out with link in the description when the arbitrim token eventually releases I plan to make it five percent of my portfolio moving on to the alternative layer 1 picks in my portfolio my first and potentially controversial pick is Solana in the wake

Of the FTX collapse Solana price took a big hit as many were scared of the Soul tokens relationship with FTX and Alameda for perspective Solana once had a market cap of 75 billion dollars and today it sits at only 4 billion we’ve kind of seen the Solana D5 ecosystem getting

Destroyed as well but keep in mind that this is really because the main D5 projects had their private Keys held by FTX and Alameda specifically soled wallet solid wrapped assets serum radium and soland were held by FTX D5 users also pulled their liquidity out as they feared for their asset safety given

Alameda’s involvement with Solana however when you look at real user stats like daily active users and nft trading volume Solana’s ecosystem is still thriving it’s not the same as the bull market Peaks but it still has roughly the same number of active users as the quiet months of fall 2021 and winter

2022 and its nft volume is even are reaching new all-time highs the active users in network stability nowadays and Enterprise adoption have all remained the same or increased since Solana peaked in price the only thing that has changed is the widespread fun about the project this is why I think the current

Price of Solana at 10 truly feels oversold it’s sitting at the same price as the lows in March 2021 before Solana ever got popular just like picking up stocks when they have the same fundamentals but are undervalued in price this is the same opportunity right now with Solana don’t get me wrong I

Understand why people are so afraid of Solana due to its massive rally and crash which was heavily manipulated by FDX but we shouldn’t carry the old burden with us into the next cycle Solana is an independent project and should continue to survive despite FTX and Alameda and even if sole price only

Revisits its all-time high that would still give us a handsome 18x return in the next cycle because of this I’m allocating 2.5 percent of my portfolio to Solana the next layer one that I’m putting into this portfolio is Cosmos I’ve been a long proponent of Cosmos as

Their technology is one of the most widely adopted across all blockchains second only to ethereum and the evm way back in 2018 Cosmos was already a big infrastructure provider for new blockchains and most major chains you see today implement the IBC or inter blockchain communication protocol for their cross-chain messaging standard

This was invented by Cosmos but the reason it wasn’t popular before was their poor tokenomics the atom token wasn’t set up to capture the value from ibc’s adoption however in 2022 this issue has been addressed with atom 2.0 the next few years of Cosmos development will focus on accruing value to the atom

Token which will directly impact its price this should align nicely with the next crypto Bull Run in 2023 and 2024. Cosmos works as the underlying technology for the interoperable blockchain narrative that I see playing out in the next cycle and when the hype wave around interoperability comes I

Expect the atom token to latch right onto it I plan on allocating 2.5 percent of my portfolio to atom and I go over Cosmos in depth in my top 7 all coins video so check it out if you want to see a full review next on the list is the

Open networks ton token the open network is a blockchain made by telegram if you haven’t been in crypto that long you might not know that telegram actually held one of the biggest icos back in 2018 racing 1.7 billion dollars for the ton token Unfortunately they were struck

Down by the SEC and had to return most of the money fast forward to August 2021 Tom quietly released to the market as a non-profit entity called the open network and slowly climbed to top 21 on the current rankings list today I think this network will be one of the biggest

No-brainer plays by the next Bull Run the current use cases for Tan are telegram users trading user IDs as nfts Tom payments as well as other decentralized web usages like Tom proxy and Tom sites it seems that Khan not only works for finance but also as a distributed storage and messaging

Network ton developers draw comparison between ton and the Tor project which are both decentralized and private computer networks that can handle Universal use cases eventually telegram plans to turn the chat app into a wallet for every user this can create massive Network effects comparable to Major social media Giants in fact if you

Search for at wallet in telegram it will bring up the hidden feature where you can set up a wallet directly within your telegram account already the open Network’s position reminds me of solanus in 2021 and I could see a similar hype wave windhan is eventually pushed to all

Public telegram users this is why the Tom token will make up 2.5 percent of this portfolio the last layer 1 picks I have for this portfolio are the recently launched Aptos and soon to launch Suite Network I grouped them together as they use highly similar Technologies and have

Come from the same team of Facebook’s DM project these two projects are highlighted as read in my portfolio as I think they still have a long way to go before being in fundamentally strong position purely being a cheap and fast blockchain is no longer worth the investment in my opinion however we must

Not discount the ability of these teams with their experience from leading Facebook’s blockchain project since 2018. on top of that having 300 million dollars of money raised in their treasury in a bear Market also puts them in the best position possible to survive until the next cycle the main selling

Point for Aptos and sui right now are their native move programming language for developing smart contracts this is derived from the rust language used in Solana based on what I’ve heard from Solana developers move is actually a much smoother and easier technology stack to develop on on top of this with

Developers losing face in Solana they are looking for alternative layer ones with similar Tech Stacks this explains why most Aptos and sweet projects are made by previous Solana developers this is also why I think Aptos and sui are worthy bets because either Solana makes a comeback or Aptos and sweet takes off

By having all three in the portfolio you’re covered either way at the current stage Aptos and sui are still simply copy pasting projects from ethereum and sustaining themselves with their own Treasury and ecosystem incentives however I do think these two networks have a better chance to reinvent

Themselves in the next bull market and find their own niches they have a bigger chance than the existing evm competitors like avax Phantom and Harmony the market tends to Value newer projects higher than older ones because they’re likely to catch on to new narratives as they’re still finding their way and lastly as

Aptos and sui Founders still have much to prove in the crypto space I expect them to keep building in the next cycle unlike many other layer 1 teams that have seemed to give up one major caveat is that Aptos still sits at a 4 billion dollar fully diluted valuation which is

Overvalued compared to the rest of the layer 1 picks on this list therefore I’ll continue to wait for its price to come down out and for sui I’ll be waiting for the token to actually release and some price Discovery first to make sure I buy in at a good price

For these reasons 2.5 percent of this portfolio will be split among these two projects the next category of coins in this portfolio are infrastructure projects for decentralized web applications these applications are different from D5 and crypto applications as they don’t focus on financial use cases but rather Target things like decentralized social media

Web hosting and browsing and online messaging Etc filecoin is the leading infrastructure provider for such non-financial use cases of blockchain Technology it focuses on storing files for the decentralized web instead of just decentralized Finance you might not notice but every major decentralized web project today is integrating filecoin through the interplanetary file system

Also known as ipfs the ipfs standard is like the HTTP standard but for web3 ipfs is already the default solution to power nft manage data every picture video and other rich media asset is stored on ipfs the decentralized web and social narrative is one of my biggest

Conviction bets for the next cycle and if they become big falcoin will be the number one solution that gets integrated in every application however one major concern for filecoin is its tokenomics peaking at over 180 dollars per token it’s fully diluted valuation was as high as 260 billion dollars this meant that

Early investors had insane profits which led to the price completely crashing during the 2021 bull market another problem is only 20 of the tokens have been released so the circulating Supply will get diluted over time while I’m bullish on fallcoin’s narrative it’s hard to imagine fil token breaking this

All-time high and its current valuations are still quite high so while I plan to allocate five percent of this portfolio to fall coin I’m not buying in at any time soon if you want to see my entry Target and prediction for fallcoin check my top 7 an altcoins video link in the

Description the next coin in my portfolio is our weave our weave is another leading solution for non-financial use cases of blockchains but unlike the temporary access layer of ipfs and falcoin our weave focuses more on permanent file storage if filecoin and ipfs is the HTTP standard for web3

Then our weave acts more like the Google drive file system for web3 the cumulative weave size or the total amount of data stored on our weave is also continuing to grow during this bear Market as more and more blockchains nfts and other rich media platforms are backing up their data to our Wii

Instagram also announced that they’ll be backing up user posts from IG onto our weave proving its usage for the decentralized social media narrative again this is one of the only core infrastructure projects behind the decentralized web narrative if this narrative becomes big investors will likely flock to our weave as it’s

Integrated in every application just like filecoin our weave will be making up five percent of this portfolio as well for the next section of my portfolio I’m looking at cross-train interoperability Solutions this area was heavily tested in the 2021 bull market and while we saw a massive demand we

Also saw massive risks with many bridges being hacked going into the next cycle I expected demand to remain from cross-chain D5 users but hopefully the technology can actually become stable to use on top of this we’re seeing the Advent of interoperability to not only focus on bridging assets but rather

Letting applications interact with multiple blockchains at the same time this is the core technology which layer 0 does best and layer 0 is the next outline pick on this portfolio imagine you have a D5 app which uses the full security of ethereum for high value transactions while executing small

Transactions on Solana for its instant speeds for the user experience this is what layer 0 already provides to some applications today I fully expect interoperability to continue being a popular narrative going into the next cycle but we must distinguish between the last last generation of projects which are still developing a closed

Ecosystem such as polka dot and the next generation of solutions that aim to connect every blockchain out there although layer 0 is the market leader in cross-chain Solutions today you need to know that the Stargate token might not be the main token of the layer 0 Network stargate’s STG token only serves the

Stargate Finance bridge which is one application that the layer 0 team built to facilitate bridging tokens between chains this is why I have not allocated any money to Stargate and layer 0 just yet because we don’t know if layer 0 will have another token sometime in the

Future there have been hints on Twitter around a potential layer 0 token airdrop in 2023 so keep an eye out for that or stay tuned here for updates but for now I’ll continue to watch layer 0 for when they announce the main token around their cross-chain infrastructure

Solution this might be the Stargate sdg token or it might be something else when they do release the main token I plan on allocating 2.5 of this portfolio to that token the other interoperability project in this portfolio is chain link most people still think chain link is only an

Oracle provider solution but in 2022 link has been heavily moving in the interoperability space with their ccip or cross-chain interoperability protocol we’ve seen how chain link was quick to deploy their Oracle to every chain and become the number one Oracle provider for the entire device space this clearly

Shows their team is capable of penetrating the market my hope is for them to do the same and integrate interoperability for all blockchains they have a real chance of becoming the default solution for all blockchains to connect with each other similar to how they became the default Oracle solution

Chain link ccip also differs from the cosmos polka dot model as it only connects existing blockchains but doesn’t require them to be tied down in a closed ecosystem this puts it in the same category of next-gen interoperability Solutions along with layer 0 another Plus for the link token

Is its deep recognition in the D5 space every major D5 protocol uses chain link oracles and integrates the link token in its products therefore if we get another D5 hyperwave link token is likely to follow in terms of price performance link flew under the radar in the 2021

Bull market due to its hype wave arriving early in 2020 D5 summer this has caused many people to write off link as an old coin but do not ignore it I think they can be a real contender in the next cycle with all that said link will make up 2.5 percent of this

Portfolio moving on to some pure D5 picks my first choice is unislop I chose uniswap as they are still the Undisputed king of D5 uniswap was the first to popularize The amm Exchange model which Powers every decentralized exchange today without uniswap the D5 hype wave and all the applications would have

Never existed it truly was a groundbreaking technology that paved the way for the entire 29 21 Bull Run although there are many other D5 plays out there I chose uniswap primarily as they are both the inventor of the amm and the market leader when a new technology emerges you want to bet on

The inventors instead of the imitators as inventors are much more likely to continue working on the project as they are emotionally attached to it with copycats they may be in it just for the money for the case of uniswap we can clearly see their continued Innovation

With the incredible power of the uni V3 model which dramatically helps tax liquidity across every single exchange today all exchanges have since copied this model just as they did with unisoft V2 uniswap has also recently released their own nft trading protocol and will potentially start Distributing real

Yield to its token holders similar to GMX price action is also on our side as the uni token has only seen one all-time high way back in May of 2021 and has been slowly declining ever since the current price around five dollars seems to have formed a sideways bottom since

The Luna and 3ac crash in 2022 which shows now is a good period to start accumulating although uniswap valuation Still Remains high at 4 billion dollars a bet on uniswap is a direct bet on the defined narrative if there is a D5 boom sometime in the next cycle uniswap will

Undoubtedly be a top three coin in that narrative this also gives our portfolio a bit of Diversified risk as other coins might not be so clearly categorized as a defy coin the uni token will take up 2.5 percent of this portfolio another bet I’m making in D5 is around decentralized

Perpetual exchanges these dexes are different from uniswap in the sense that they allow leverage trading with long and short positions instead of only swapping tokens between one another you are probably familiar with this type of trading interface but did you know that there are platforms that are completely

Decentralized and lets you long short with leverage from your metamask wallet you might want to ask why do you need these platform forms my answer is simple kyc and regulation if you’re a Trader in the US Canada China or any other restricted countries you’re running out of options quickly to trade with

Leverage on centralized exchanges none of the popular exchanges accept users from these countries today and as regulation becomes ever tighter even using a VPN no longer helps exchanges now require you to kyc with an ID from an unrestricted country so you are truly out of luck my prediction is that both

The users and exchange operators will start to migrate their leveraged trading platforms to decentralized exchanges we’ve seen the popularity of GMX in 2022 and recently buy bit also launched their own Perpetual decks called Apex small plug if you’re forced out of centralized exchanges or just don’t trust them

Anymore and need an alternative I wholeheartedly recommend Apex they are the only platform that’s launched by a leading exchange like by bit all other competitors like GMX dydx gains Etc are all D5 startups first and trading second while Apex has the same features as an advanced exchange like by

Bit but there’s no kyc and you can trade straight from your wallet like metamask sign up with the link in the description and use code apex-bacon for a welcome bonus it’s free and it helps to support the channel alternatively if you’re looking to gain exposure to all the decentralized Perpetual exchangers out

There as an investment narrative the top ones in my opinion are Apex GMX and dydx there isn’t a clear winner in terms of token valuations yet as they are all in their early stages with similar valuations I highlighted this segment in red as there really isn’t a market

Leader so it’s more important to gain overall exposure to the sector and keep watching closely I’ll be allocating 2.5 percent of my portfolio to a basket of coins in this sector the next category of coins in this portfolio are around the decentralized social media narrative this is a narrative that I have been

Particularly bullish on for quite a while and has been highlighted more recently by the rumors of Elon Musk potentially making a decentralized Twitter and no I’m not talking about simply putting Twitter on the blockchain that idea has been tested and failed many times rather I’m referring to the general infrastructure that enables

Existing web3 users to have a non-financial layer around their wallet like a social media account and on the other side for web 2 social media apps to put some of their data on chain to combat censorship and media manipulation web 2 social media apps should not see a full migration but

Connection to existing web3 Solutions like metamask would not hurt this area is still ripe for disruption as not many projects exist currently for this use case two of the leading projects that have caught my eye are masks Network and mask token and decentralized social diesel token mask is a platform that

Allows you to connect to web3 wallets like metamask to web 2 social media platforms like Twitter this lets users directly encrypt and post content from their wallet to their favorite social media platforms ESO is a layer 1 blockchain specifically built for social media applications it’s quite a controversial project as it first

Launched as bitcloud which was a super hyped up project bitcloud allowed users to purchase Creator coins of famous Twitter profiles despite all the controversy it seems that big cloud was really a marketing stunt to both prove the ability of the diesel blockchain and raise money for its development I have

Labeled this part of the portfolio in red because these coins are still relatively small and carry high risk also there should continue to be major projects launching in the next year around the decentralized social media narrative so we can wait and allocate to these projects later notably the decentralized

Social media projects I’m watching are lens protocol forecaster ceramic and lit protocol overall this sector will take up five percent of this portfolio the last category in this portfolio is blockchain gaming infrastructure the Synergy between gaming assets and the blockchain are incredibly clear and should continue to see adoption in the

Near future however the 2021 cycle was plagued by the rise and crash of play to earn and Game 5 which ultimately led to many vaporware projects and not many legit options when it comes to gaming there are currently five categories you can invest in first is individual games

Like axi Infinity eluvium star Alice Etc then there are metaverse canvas like sandbox and decentraland the third category is gaming blockchains like immutable X and engine fourth is game Publishers and stores like Gala games and welcome forged pyr and lastly there are gaming guilds like white GG mirror

Circle and Guild Phi in my opinion the category is most likely to survive are gaming blockchains and gaming Publishers they are the underlying infrastructures powering the blockchain gaming space however even out of these two categories there are not many good options immutable X IMX seems like the most

Legit solution that provides a CK rollout layer 2 infrastructure for gaming however they don’t yet have any major game Partnerships aside from games that they’ve made themselves in contrast the traditional games tend to prefer integrating Solana and polygon as their blockchains of choice as I already have

Both positions in the portfolio IMX does not seem to appealing engine is another Contender but it has fallen off dramatically in the 2021 bull run it really seems like they have stopped working on the project as there hasn’t been a major announcement in ages in terms of game stores and Publishers Gala

Games is everyone’s favorite show every major influencer seems to be partnered with them to soft show their potential as to One gaming project to rule them all yet despite all that marketing there doesn’t seem to be major integration from any traditional games and the gala token continues to get dumped all in all

While I truly believe blockchain gaming will continue to see adoption far into the future there simply isn’t any good choices to get investment and exposure to the narrative right now therefore I will save this five percent allocation and continue watching the space until some fundamentally strong infrastructure projects emerge with real gaming

Adoption okay so now you know exactly how I’m making the ultimate crypto portfolio for 2023. as you can see building a quality portfolio is all about finding quality Investments and keeping them Diversified never putting all eggs in one basket I strongly believe 2023 will be the time to actively accumulate quality projects as

Most projects have come down to realistic valuations and signs are showing that the next Bull Run could be starting in this year so if you want this sort of information before anyone else join over 8 000 people and subscribe to my free newsletter on every week I cover

Market updates important events and narratives as well as my personal investing insights if you want to learn the ins and outs of fundamental analysis and investing in the world of crypto consider checking out our new Academy program Primal crypto Academy on Primal this is a new program that I’m

Starting in early February and it will function as a live cohort course for me and my team to actively teach you guys everything that we know if you’re watching this video early and you sign up right now you can also get an early bird discount on the waitlist that’s it

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