Scott Melker, a Twitter user that goes by the alias ‘The Wolf of All Streets,’ has increased to be a crypto brand. The former DJ and a current crypto trader and investor on a full term were called to an interview by Business Insider.
Melker has increased his social media crypto following to 400,000. He spoke on his journey and addressed himself first as an investor. He said: “If I am asked, I will call myself an investor that trades.”
He went further to highlight his strategy of investment, emphasizing that people should keep about 60% to 70 % of their total assets at least in the long-term crypto investment and 15% for trading, and 15% for cash.
The crypto pundit admitted that he wasn’t always bullish on cryptos, and he insisted that people should not hold anything more than 10% of their total assets in the crypto market till around late 2019.
His Portfolio Strategy
Scott Melker focuses his investments on major long-term investments in the crypto markets. And his interest majorly is ETH and BTC. he then uses the gains after cashing out his profits from other cryptocurrency projects as long-term investment plays.
Melker used about 15% of his total crypto portfolio to trade the markets actively while keeping about 15% in stable coins to generate interest.
The accounts bearing interest on stable coins are what Melker uses sometimes, and he called the passive income strategy an incredible strategy. He said: “To me, in the last two years in the crypto space, this is one of the greatest innovations probably.”
Scott Melker is known to be an ardent believer in holding tokens in the long term and an early buyer of promising projects. He said: “by now, those who bought into promising cryptos and hold for like three years are reaping the benefits now. You don’t need to do much of market trading.”
Melker believes that the core assets crypto investors must consider are Bitcoin and Ether, and he predicted that the price of the token, respectively, will hit $235,000 and $10,000.
“With this current cycle, it will be easy for Ether to reach $10,000, and I am sure it can still go up more. And to be honest, for BTC, the price will rise to around $200,000 and $235,000.”
The discussion with Melker also highlighted the notable projects that he holds in his portfolio. Some of them have generated a reasonable amount of returns for him. He mentioned that he holds DOT, UTK, LINK, POLS, and EGLD currently, and all of them have seen a percentage of gains for the investor.