Scott Melker, veteran trader and pocaster, is satisfied that major layer-1 protocols should be half of everybody’s funding portfolio. As an alternative of selecting particular person crypto initiatives, corresponding to NFTs or blockchain video games, Melker thinks it makes extra sense to guess on the blockchain infrastructure on which these initiatives are constructed.
“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 stated in an unique interview with Cointelegraph.
“You may not own a Bored Ape, but Ethereum holders have certainly benefited from the success of Bored Apes!”, he identified.
Speaking about his portfolio building, Melker revealed that about 65% of his belongings are at present in crypto. Moreover Bitcoin, which makes up the bulk of his long-term holdings, Melker is extraordinarily bullish on Ethereum.
“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 stated.
Melker believes that the upcoming Merge, which should full Ethereum’s transition to proof-of-stake, shall be a huge enhance for the asset’s worth.
“This is a massively bullish event for Ethereum. (…) I think it will be a better chain, more usable after this happens”, he stated. “We are going to finally see Ethereum at $20K, $30, $40K”.