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 (-0,23%) – 80%
• Invesco Global Multifactor $IQSA (-0,02%) – 15%
• Amundi MSCI USA Daily (2x) Leveraged $CL2 (-0,02%) - 5%

Monetary Fund: Amundi Euro Government Bond 0-6 M $C3M (+0,01%)

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 (-0,32%) 28%

$C3M (+0,01%) 12%

$MEUD (+0,25%) 10,7%

$GLDA (-1,97%) 10,3%

$EIMI (-0,98%) 9 %

$EHYA (+0,08%) 9%

$500 (-0,11%) 9%

$WITS (+0,32%) 8,7%

$PHPP (-2,91%) 4,3%

I'm going to set $SPYI (-0,32%) +$MEUD (+0,25%) 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?