Scott Melker, veteran dealer and pocaster, is satisfied that main layer-1 protocols needs to be a part of everybody’s funding portfolio. As an alternative of choosing particular person crypto tasks, resembling NFTs or blockchain video games, Melker thinks it makes extra sense to guess on the blockchain infrastructure on which these tasks are constructed.
“Any of those small tasks may completely go nuts. However you are going to have bother 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.
“It’s possible you’ll not personal a Bored Ape, however Ethereum holders have definitely benefited from the success of Bored Apes!”, he identified.
Speaking about his portfolio building, Melker revealed that about 65% of his belongings are presently in crypto. Apart from Bitcoin, which makes up the majority of his long-term holdings, Melker is extraordinarily bullish on Ethereum.
“Nothing goes to kill Ethereum. I imagine Ethereum is right here to remain. I imagine it is a particularly 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, shall be an enormous enhance for the asset’s value.
“This can be a massively bullish occasion for Ethereum. (…) I believe it is going to be a greater chain, extra usable after this occurs”, he mentioned. “We are going to finally see Ethereum at $20K, $30, $40K”.