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



Scott Melker, veteran dealer and pocaster, is satisfied that main layer-1 protocols needs to be a part of everybody’s funding portfolio. As a substitute of choosing particular person crypto tasks, similar to NFTs or blockchain video games, Melker thinks it makes extra sense to wager on the blockchain infrastructure on which these tasks are constructed. 

“Any of those small tasks might completely go nuts. However you are going to have bother selecting what they’re. It is best to simply personal the layer-1 and the infrastructure that they are all constructed on,” he mentioned in an unique interview with Cointelegraph. 

“You might not personal a Bored Ape, however Ethereum holders have definitely benefited from the success of Bored Apes!” he identified. 

Speaking about his portfolio development, Melker revealed that about 65% of his belongings are at the moment in crypto. Apart from Bitcoin (BTC), which makes up the majority of his long-term holdings, Melker is extraordinarily bullish on Ethereum (ETH).

“Nothing goes to kill Ethereum. I consider Ethereum is right here to remain. I consider it is an especially necessary asset and one that everyone ought to have publicity to,” he mentioned.

Melker believes that the upcoming Merge, which ought to full Ethereum’s transition to proof-of-stake, might be an enormous increase for the asset’s value.

“This can be a massively bullish occasion for Ethereum. (…) I believe will probably be a greater chain, extra usable after this occurs,” he mentioned. “We’ll finally see Ethereum at $20 thousand, $30 thousand, $40 thousand.” 

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