The Portfolio Construction Miniclass

Most crypto investors build a portfolio by collecting coins. They find assets they like, buy them, and assume that holding fifteen different things makes them safe. In January 2022, that assumption broke: investors holding fifteen coins fell just as hard as people who held only Bitcoin. The diversification was an illusion. This miniclass takes the opposite approach.

Instead of asking what to hold, it asks how to hold it. You'll walk through the five layers institutional allocators use to build a portfolio: conviction tiering (giving every position a category — Core, Satellite, Speculative), cycle-phase weighting (how each tier should behave across the four market phases), correlation management (telling real diversification from fake), storage tiering (where your assets actually live, and how that changes your behaviour), and rebalancing discipline (when the book gets reset).

None of this tells you what to own — it tells you how to hold it. The framework is asset-agnostic: it applies whether you hold Bitcoin and two majors or a spread of low-caps. It's built for investors who are tired of mistaking a pile of coins for a portfolio and want a repeatable structure they can defend through a full cycle. Because the investors who survive multiple cycles are not the ones who picked the best assets — they are the ones who built the best portfolios.