Coin Bureau buys two Ethereum challengers, unveils 2022 crypto strategy and updated wallet

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The host of the popular crypto store Coin Bureau details their 2022 crypto strategy and says they bought during the market downturn this month.

In a new video to his 1.78 million YouTube subscribers, pseudonymous trader Guy says he has gone over competitors Ethereum (ETH) Polygon (MATIC) and Fantom (FTM), crypto king Bitcoin (BTC) , altcoin Cosmos Network (ATOM) and ETH itself during the latest crypto market downturn.

“The crypto market has basically collapsed [in December], so I did what any rational person would do in such a situation: I bought the dip. I looked into BTC, ETH, MATIC, FTM, and ATOM.

Guy says his round of buying has pushed Cosmos Network up to 4.5% of its overall portfolio.

“If you are wondering why it is simply because ATOM is the interoperability hub for cryptocurrency and some of the largest cryptocurrency blockchains have been built using the Cosmos SDK (Software Development Kit). “

ATOM trades hands at $ 28.21 at the time of writing, down 25.5% from its seven-day low of $ 20.95.

Guy then reveals his portfolio, claiming that it comprises 31% ETH, 21.5% BTC, 13% smart contract platform Solana (SOL), 9% interoperable blockchain Polkadot (DOT), 3% decentralized network for the Internet of Things Helium (HNT) devices and 3% PAX Gold (PAXG) gold-backed cryptocurrency.

The host then states that his trading strategy for 2022 is to start accumulating cryptocurrencies that provide infrastructure for non-fungible tokens (NFTs) other than smart contract platforms such as Ethereum for two main reasons.

“My plan in 2022 is to start picking up crypto projects that provide the infrastructure for NFTs and their related niches beyond smart contract cryptocurrency blockchains like ETH for two reasons.

“First of all, I really believe that NFTs will play a vital role in the future of cryptocurrency, especially when it comes to things like decentralized digital IDs…

The second reason I plan to pick up NFT Coins and Tokens has to do with regulation. As i mentioned [before], the FATF (Financial Action Task Force) finalized the cryptographic recommendations [and] it doesn’t recognize NTFs as digital assets, which means all the draconian and dystopian things the FATF wants countries to apply don’t apply to NFTs.

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Featured Image: Shutterstock / PHOTOCREO Michal Bednarek / Alexxxey

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