The Bitcoin halving, a pre-programmed event that halves the block reward for miners, has historically correlated with significant price increases in Bitcoin and the rest of the market. With the next halving less than two weeks away, many investors are looking to capitalize on potential future growth.
To see which cryptocurrencies will perform best after the halving, we consulted Google Gemini. We asked the AI-powered chatbot to make a $2,000 crypto portfolio for maximum success post-halving.
Gemini’s Maximum Gain Portfolio
Bitcoin (BTC) (35% – $700): Bitcoin remains the most dominant force in the cryptocurrency market, boasting the biggest market capitalization and established network. Gemini places much of the capital in Bitcoin, playing it safe with its investment choices.
Ethereum (ETH) (20% – $400): Ethereum, the second-largest cryptocurrency by market capitalization, offers a unique value proposition with its smart contract functionality, enabling a decentralized application (dApp) ecosystem. Ethereum has been a dominant force for a long time and is another safe bet for huge returns.
XRP (15% – $300): XRP is the native cryptocurrency of the Ripple network, a payment protocol designed for fast and cheap international transactions. XRP and Ripple focus on facilitating transactions between financial institutions, and analysts believe additional developments like Real World Asset Tokenization and Ripple’s new stablecoin initiative can boost XRP.
Polkadot (DOT) (10% – $200): Polkadot is a blockchain protocol designed to address scalability issues by enabling interoperability between different blockchains. Its potential to streamline communication within the blockchain ecosystem makes it an attractive option.
Chainlink (LINK) (10% – $200): Chainlink is a decentralized Oracle network that provides secure and reliable data feeds to smart contracts. As the demand for smart contracts grows, Chainlink’s role becomes increasingly important, potentially driving its value.
USD Coin (USDC) (10% – $200): USD Coin is a stablecoin pegged to the US dollar. USD Coin is an interesting option, but Gemini stated that including a stablecoin offers portfolio stability, particularly in a volatile market like cryptocurrency. Investors can use USDC to hedge against price fluctuations or easily enter and exit other cryptocurrency positions.
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Benefiting From the Bitcoin Halving
By constructing a diversified portfolio with allocations to established cryptocurrencies and strategic diversification into promising projects, Gemini believes investors can benefit greatly from the post-halving price surges.
Interestingly, Gemini did not add Binance Coin to the list. Binance Coin is currently ranked #4 and has proved to be a dominant force in the market. However, Gemini’s caution may have stemmed from the controversy surrounding Binance’s former CEO Changpeng Zhao (CZ) from late 2023.
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