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 selecting particular person crypto initiatives, akin to NFTs or blockchain video games, Melker thinks it makes extra sense to wager on the blockchain infrastructure on which these initiatives are constructed.
“Any of those small initiatives may completely go nuts. However you are going to have hassle selecting what they’re. It’s 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 could not personal a Bored Ape, however Ethereum holders have actually benefited from the success of Bored Apes!” he identified.
Speaking about his portfolio development, Melker revealed that about 65% of his belongings are at present 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 imagine Ethereum is right here to remain. I imagine it is an especially vital 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 a large increase for the asset’s worth.
“It is a massively bullish occasion for Ethereum. (…) I feel it is going to be a greater chain, extra usable after this occurs,” he mentioned. “We’ll ultimately see Ethereum at $20 thousand, $30 thousand, $40 thousand.”