Connect with us

Hi, what are you looking for?

Top Stories

‘People should invest in all of the major layer-1s,’ says a veteran trader



Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built. 

“Any of these small projects could absolutely go nuts. But you’re going to have trouble choosing what they are. You should just own the layer-1 and the infrastructure that they’re all built on,” he said in an exclusive interview with Cointelegraph. 

“You may not own a Bored Ape, but Ethereum holders have certainly benefited from the success of Bored Apes!” he pointed out. 

Talking about his portfolio construction, Melker revealed that about 65% of his assets are currently in crypto. Besides Bitcoin (BTC), which makes up the bulk of his long-term holdings, Melker is extremely bullish on Ethereum (ETH).

“Nothing is going to kill Ethereum. I believe Ethereum is here to stay. I believe it’s an extremely important asset and one that everybody should have exposure to,” he said.

Melker believes that the upcoming Merge, which should complete Ethereum’s transition to proof-of-stake, will be a massive boost for the asset’s price.

“This is a massively bullish event for Ethereum. (…) I think it will be a better chain, more usable after this happens,” he said. “We will eventually see Ethereum at $20 thousand, $30 thousand, $40 thousand.” 

Watch the full interview on our YouTube channel and don’t forget to subscribe!

Advertisement. Scroll to continue reading.



Source link

Click to comment

Leave a Reply

Latest

Social Media

Meta has today published its updated Privacy Policy – formerly known as its ‘Data Policy’ – which aims to provide more clarity around the...

Loan And Finance

Howden has announced the appointment of Sarah Neild as Head of UK Cyber Retail. Neild’s appointment reflects Howden’s commitment to continue investing in its...

Top Stories

Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.  BTC/USD 1-day candle...

Loan And Finance

RPM is also on the hook for interest. Judge Engelmayer found that RPM had “willfully breached its obligations” under the merger agreement. Family-owned California-based...

Technology

What just happened? For the last several decades, the only way to play the unreleased sequel to Atari’s Marble Madness was through a handful...

Loan And Finance

HDI Global and HDI Global Specialty’s UK and Ireland branches will, for the first time, be aligned under a common leadership structure responsible for...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement