‘Folks ought to put money into the entire main layer-1s,’ says a veteran dealer

Scott Melker, veteran dealer and pocaster, is satisfied that main layer-1 protocols must be a part of everybody’s funding portfolio. As an alternative 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. You must 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 property are at present in crypto. Moreover 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 an especially necessary asset and one that everyone ought to have publicity to”, he mentioned.

Melker believes that the upcoming merger, which ought to full Ethereum’s transition to proof-of-stake, shall be an enormous enhance for the asset’s worth.

“It is a massively bullish occasion for Ethereum. (…) I feel it will likely be a greater chain, extra usable after this occurs”, he mentioned. “We are going to ultimately see Ethereum at $20K, $30, $40K”.

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