eth-usdOlumide Adesina•Friday, January 31, 2025•1 min read Add an article to your Reading ListRegister now to be able to add articles to your readin
eth-usd
Olumide Adesina•Friday, January 31, 2025•1 min read
Add an article to your Reading List
Register now to be able to add articles to your reading list.
”
aria-hidden=”true”>
Share in Facebook
“>
(%)
MARKETS TREND
Vitalik Buterin, a co-founder of Ethereum, commented on the debate over the optimal portfolio allocation, stating that his Bitcoin (BTC) holdings are less than 10%. His remarks coincide with ETH’s more than 3% increase, which has rekindled debates about the best way to allocate a cryptocurrency portfolio.
Crypto analyst Udi Wertheimer started the discussion by stating that serious cryptocurrency investors should put at least 10% of their portfolio into Bitcoin, ideally closer to 70%.
However, Buterin adopted a different position, declaring that he owns less than 10% of Bitcoin and less than 10% of any asset that isn’t Ethereum. His remarks support an investment strategy, that prioritizes Ethereum while limiting exposure to other crypto assets.
Ethereum’s bullish price action and Buterin’s portfolio disclosure happened simultaneously with technical indicators pointing to a possible rally to all-time highs.
Market analyst Ted Pillows claims that Ethereum has entered a short-term expansion phase after a period of accumulation and manipulation, paving the way for a significant breakout.
Institutional accumulation is another factor driving the momentum; Trump’s World Liberty Financial has acquired over $420 million in digital assets, including $210 million in Ethereum.
The market is closely observing whether Ethereum’s increasing adoption will result in steady long-term gains, given the significant investments made by major players in the cryptocurrency.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
6 h ago
Register now to be able to add articles to your reading list.
”
aria-hidden=”true”> Save
6 h ago
Register now to be able to add articles to your reading list.
”
aria-hidden=”true”> Save
16 h ago
Register now to be able to add articles to your reading list.
”
aria-hidden=”true”> Save
www.fxleaders.com