eToro’s New Twitter-Based Crypto Portfolio Averages 123% Annually
According to the announcement, The TIE-Long Only CopyPortfolio is based on The TIE’s machine learning and language processing models that analyze 850 million tweets per day to determine monthly rebalances based on positive sentiment.
“In traditional markets, retail investors have historically lagged behind the ‘smart money’ when it comes to the data and tools available to them,” said Guy Hirsch, US managing director at eToro. “This puts individual investors at a major disadvantage. In the spirit of crypto and decentralized technology, we believe that offering institutional-grade tools to every investor will level the playing field and democratize investing.”
eToro notes that the sentiment-driven trading strategy has a hypothetical return of 281% since October 2017 with an average annual return of 123%. The CopyPortfolio’s minimum investment is $2,000.
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