Highly tax efficient as it’s made of only EU government bonds

This is my target allocation for long term growth, what do you guys think?

• Invesco FTSE All-World $FWRG (-1.66%) – 80%
• Invesco Global Multifactor $IQSA (-1.49%) – 15%
• Amundi MSCI USA Daily (2x) Leveraged $CL2 (-1.55%) - 5%

Monetary Fund: Amundi Euro Government Bond 0-6 M $C3M (-0.03%)

Fixed monthly investing in:

• Bitcoin
• Gold

Hi everybody.

I'm building up a portfolio using the approach "#etfsETFs only". I still don't feel confident with single stocks and I don't think stock-picking is the best option for me.

As for now, my asset allocation is the following:

$SPYI (-1.53%) 28%

$C3M (-0.03%) 12%

$MEUD (-2.63%) 10,7%

$GLDA (-3.22%) 10,3%

$EIMI (-3.28%) 9 %

$EHYA (-0.34%) 9%

$500 (-1.14%) 9%

$WITS (-1.63%) 8,7%

$PHPP (-1.36%) 4,3%

I'm going to set $SPYI (-1.53%) +$MEUD (-2.63%) as my core pf , increasing both sizes until they get to 35% and 20% respectively. I don't like bonds in general, so basically I try to decorrelate making use of gold, precious metals and also monetary funds.

What do you think about the whole thing?