Like @nomadic m shared, the only gold I'd ever invest in are the jewellery given to me during my wedding lolol. Other than that, gold is not something I'm looking to invest in.
I'm diversifying my portfolio into BTC, spot BTC ETFs and miners like $Marathon Digital Holdings Inc(MARA)$ and $CleanSpark, Inc.(CLSK)$ .
BTC for obvious reasons - impending halving event that will cause crazy elevation in Bitcoin prices in 2024 and beyond. By 2030, I won't be surprised if 1 Bitcoin is worth a few hundred thousands USD. Besides, the supply of Bitcoin is fixed, which means as long as there is demand for it, the price will always go up. Given the increased adoption of Bitcoin usage in daily purchases in many companies and countries, and many banks dabbling themselves in it, it is safe to say that Bitcoin is here to stay. Gold on the other hand, does not have a finite supply like Bitcoin and nature will continue to replenish the supply of Gold, albeit slow. For that reason, Bitcoin is more superior to hold than Gold.
My least holding is in Spot BTC ETF because I'd rather hold BTC than a spot BTC ETF. Invested in this for the fun of it to see where this goes lol. Bullish on $iShares Bitcoin Trust(IBIT)$
My greatest Holdings would be miner stocks because they support the ecosystem of the crypto space. Without miner stocks, there would not be crypto exchanges and spot BTC ETFs to talk about.
MARA would be my top pick because it's the largest mining company by market cap, with huge reservoirs of BTC holdings and superior plans to mine Bitcoins at a rate faster than any other company. Being the largest, they have the capability to crowd out smaller miner companies and acquire them when the rewards to mining Bitcoin halves. With loads of backing from almost 400 financial institutions and fund managers, it is safe to say MARA is on route to reaching $60-$80 when Bitcoin does well.
Cleanspark would be my next choice pick. It has the highest efficiency among miner stocks. For its market cap and cheap stock price, Cleanspark is attractive to accumulate. It once hit a peak of $150 and I won't be surprised if it does so again one day. Awesome point to note is that Cleanspark mines Bitcoin using clean, renewable energy, and that makes this stock's future astoundingly bright when environmentalists' concerns emerge.
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P.S. Thank you Tiger staff @MillionaireTiger @Tiger_comments for picking my posts previously! Hope this post is of interest to you too!
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Modify on 2024-01-18 01:28
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I'm holding $Coinbase Global, Inc.(COIN)$ & occasionally trade $2X BITCOIN STRATEGY ETF(BITX)$ if I can stay awake for the US market
newbie in crypto here. never liked roller coaster my entire life, so this is me embracing my fear in 2024 🤟
I used to own RIOT. I can't apportion resources into every miner so I'm just selecting those which I feel works in the long run. RIOT has frequent mining stalling issues when weather gets too hot. Though they can sell power back to the grid in those periods of down time, the miner isn't functioning perfectly as a miner, isn't it.