Early in the "interest rate rise" phase, banks do well because they can charge higher rates for their loans and capture a bigger spread. At some point, rates get too high and things come apart.
I was watching the halftime Fast Money traders yesterday and they made fun of the fact that the market said they don't believe Powell. That he is simply bluffing and won't keep raising rates. This market is very confusing. Sometimes Powell looks like Volker and other times he looks like the guy who gave in to Trump on Christmas day 2018 and blinked.
Yeah. JPow says, "I'm going to stay the course"... market says, "We don't believe you". Amazing. You/we can still trade this market but need to do so technically.... chart-based. Futile to have a notion of what will/should happen.
It's diversified since it's in different cryptos though. You can't deny that crypto is the future of money. I also have assets in USD, just because it's not spread out according to your standards doesn't mean it isn't diversified!