{"id":17112,"date":"2023-07-20T13:27:06","date_gmt":"2023-07-20T17:27:06","guid":{"rendered":"https:\/\/demo2.dedicatedhost247.com\/crypto\/hall-of-flame-cointelegraph-magazine-11\/"},"modified":"2023-07-20T13:27:06","modified_gmt":"2023-07-20T17:27:06","slug":"hall-of-flame-cointelegraph-magazine-11","status":"publish","type":"post","link":"https:\/\/demo2.dedicatedhost247.com\/crypto\/hall-of-flame-cointelegraph-magazine-11\/","title":{"rendered":"Hall of Flame \u2013 Cointelegraph Magazine"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>Scott Melker is the host of <em>The Wolf Of All Streets Podcast<\/em> and author of The Wolf Den newsletter<\/strong>.<\/p>\n<p>\u201cIf I tweeted about a small cap [crypto] of some sort right now, the price would probably change by like 50%,\u201d says Scott Melker, better known to his 904,800 Twitter followers as The Wolf Of All Streets.<\/p>\n<p>Melker says he takes this responsibility seriously and won\u2019t share tweets that might \u201cimpact the market\u201d \u2013 but this<a href=\"https:\/\/cointelegraph.com\/magazine\/peter-mccormack-twitter-regret-bitcoin-bedford-football\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> makes Twitter<\/a> \u201ca lot more boring\u201d from his end. In fact, Melker declares that Twitter \u201cstopped being fun\u201d when he reached 100,000 followers.<\/p>\n<p>\u201cThat\u2019s when I went through a phase of a real love-hate relationship with Twitter because that\u2019s when I guess 10% of the people who respond to comments were trolling at any given time.\u201d<\/p>\n<p>All you can really post to 900,000 followers is \u201cBitcoin and inspirational quotes\u201d because \u201ceverything else\u201d will land you in hot water.\u00a0<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"566\" height=\"335\" alt=\"Tweet\" class=\"wp-image-22201\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM.png 566w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM-300x178.png 300w\" data-lazy-sizes=\"(max-width: 566px) 100vw, 566px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"566\" height=\"335\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM.png\" alt=\"Tweet\" class=\"wp-image-22201\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM.png 566w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.24-PM-300x178.png 300w\" sizes=\"(max-width: 566px) 100vw, 566px\"\/><\/noscript><\/figure>\n<p>After graduating from <a href=\"https:\/\/www.psu.edu\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Penn<\/a> State University with an Anthropology degree in 1999, Melker tried his hand at a \u201cmillion\u201d other things \u2014 finding the most success in his 20-year stint as a DJ.<\/p>\n<p>Shortly after finishing university, he also started his own magazine in Philadelphia called 101 Magazine, focusing on street culture and city vibes.<\/p>\n<p>It caught the attention of a \u201chuge\u201d magazine called Frank 151, which acquired it, and Melker became the editor-in-chief of both.\u00a0<\/p>\n<section class=\"adv-banner adbutler-ad adbutler-ad__desktop\">\n<div class=\"container\"><!-- 1456x180 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<section class=\"adv-banner adbutler-ad adbutler-ad__mobile\">\n<div class=\"container\"><!-- 600x500 [img] --><br \/>\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F;type=img\"\/><noscript><img src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame%2F;type=img\"\/><\/noscript><\/a><\/div>\n<\/section>\n<p>During that time, he had the opportunity to attend \u201cinsane\u201d parties and rub shoulders with legendary acts like the Wu-Tang Clan and Outcast.<\/p>\n<p>The music industry led him to <a href=\"https:\/\/cointelegraph.com\/magazine\/fail-better-scott-melker-defying-odds-with-crypto-trading\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">try crypto trading<\/a> in the first place.<\/p>\n<p>\u201cI just happened to look into crypto because there was a bunch of DJs trading it,\u201d he says.<\/p>\n<p>He first started trading on the Gemini crypto exchange in 2016 and recalls buying <a href=\"https:\/\/bitcoin.org\/en\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bitcoin<\/a> to send it to another exchange, Bittrex, so he \u201ccould buy Ethereum and Ripple.\u201d ETH was \u201cunder 20 bucks\u201d back then, he notes in a cheeky humble brag.<\/p>\n<p>Rather than some lofty higher purpose, he says the main attraction was making cold hard cash.\u00a0\u00a0<\/p>\n<p>\u201cI was really just trading, trying to make money to support a new family; it had nothing to do with what Bitcoin was or what the asset class was.\u201d<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"563\" height=\"636\" alt=\"Tweet\" class=\"wp-image-22202\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM.png 563w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM-266x300.png 266w\" data-lazy-sizes=\"(max-width: 563px) 100vw, 563px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"563\" height=\"636\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM.png\" alt=\"Tweet\" class=\"wp-image-22202\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM.png 563w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.38-PM-266x300.png 266w\" sizes=\"(max-width: 563px) 100vw, 563px\"\/><\/noscript><\/figure>\n<h2 id=\"h-what-led-to-twitter-fame\"><strong>What led to Twitter fame?<\/strong><\/h2>\n<p>Melker initially started stacking up followers when he was \u201ctrading the market well\u201d and posting about it on Twitter. At that point in time, his content was \u201c100% charts and trades.\u201d\u00a0<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"604\" alt=\"Tweet\" class=\"wp-image-22206\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM.png 560w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM-278x300.png 278w\" data-lazy-sizes=\"(max-width: 560px) 100vw, 560px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"604\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM.png\" alt=\"Tweet\" class=\"wp-image-22206\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM.png 560w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.54.54-PM-278x300.png 278w\" sizes=\"(max-width: 560px) 100vw, 560px\"\/><\/noscript><\/figure>\n<p>However, Melker didn\u2019t want his account to be <a href=\"https:\/\/cointelegraph.com\/magazine\/cryptocurrency-trading-addiction-what-to-look-out-for-and-how-it-is-treated\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">based on trades<\/a> because it\u2019s \u201cfickle.\u201d<\/p>\n<p>So, he transitioned toward a more holistic approach to his content within the crypto industry.<\/p>\n<p>\u201cI would love to tell you there was some strategy that I took to grow my account, but it was always just me doing whatever I enjoyed doing the most at any given time.\u201d<\/p>\n<p>Melker has observed a direct correlation between his follower growth and the performance of the crypto market.<\/p>\n<p>During previous bull markets, he has experienced an insane influx of daily followers.\u00a0<\/p>\n<p>\u201cThere was a time when I was getting a hundred thousand [followers] in two months,\u201d he says.<\/p>\n<p>Melker used to \u201cliterally respond to everybody\u201d who commented on his tweets or messaged him, but that ship has now sailed.<\/p>\n<p>\u201cThat\u2019s like a full-time job, and then you just get to the point where you literally can\u2019t open all your DMs anymore,\u201d he says.<\/p>\n<p>But it\u2019s best not to refer to him as an \u201cinfluencer.\u201d<\/p>\n<p>\u201cI hate the term influencer because, to me, I\u2019m just a student of crypto, and it\u2019s something I\u2019m passionate about and want to learn more about.\u201d<\/p>\n<div class=\"article-suggest\">\n<p>Read also<\/p>\n<div class=\"article-suggest__items\">\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/whatever-happened-eos-community-aims-grassroots-comeback\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>Whatever happened to EOS? Community shoots for unlikely comeback<\/p>\n<p>                        <\/a>\n                    <\/div>\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/green-consumers-want-supply-chain-transparency-blockchain\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>Green consumers want supply chain transparency via blockchain<\/p>\n<p>                        <\/a>\n                    <\/div>\n<\/div>\n<\/div>\n<h2 class=\"has-text-align-left\"><strong>What type of content do you do?<\/strong><\/h2>\n<p>Melker\u2019s content revolves around crypto news and keeping people up-to-date with what\u2019s happening in the market.<\/p>\n<p>He likes to share his take on what\u2019s important, and \u201cwhat\u2019s kind of noise and not signal.\u201d<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201c[My content includes] all the lessons that I\u2019ve learned in my streams and podcasts, but I would say it\u2019s generally educational\/informational content about this market.\u201d<\/p>\n<\/blockquote>\n<p>Melker emphasizes the overwhelming pressure he faces whenever he decides to \u201cfire off a tweet,\u201d considering how many followers he has amassed on Twitter.<\/p>\n<p>\u201c<a href=\"https:\/\/twitter.com\/scottmelker\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a> is like a movie where you throw a grenade in a room and walk away, and there\u2019s a huge explosion behind you. That\u2019s how I feel every time I send a tweet now,\u201d Melker says.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"236\" alt=\"Tweet\" class=\"wp-image-22208\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM-300x126.png 300w\" data-lazy-sizes=\"(max-width: 561px) 100vw, 561px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"236\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM.png\" alt=\"Tweet\" class=\"wp-image-22208\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.04-PM-300x126.png 300w\" sizes=\"(max-width: 561px) 100vw, 561px\"\/><\/noscript><\/figure>\n<h2><strong>Extreme beef: Gary Gensler<\/strong><\/h2>\n<p>Melker is not a fan of United States Securities and Exchange Commission <a href=\"https:\/\/cointelegraph.com\/magazine\/crypto-regulation-sec-chair-gary-gensler-final-say\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Chair Gary Gensler<\/a>.\u00a0<\/p>\n<p>He admits that his Twitter is filled with many \u201cangry tweets against Gensler.\u201d\u00a0<\/p>\n<p>\u201cI literally contributed to aggressively getting #firegarygensler trending on Twitter,\u201d he declares.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"335\" alt=\"Tweet\" class=\"wp-image-22209\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM-300x179.png 300w\" data-lazy-sizes=\"(max-width: 561px) 100vw, 561px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"335\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM.png\" alt=\"Tweet\" class=\"wp-image-22209\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.11-PM-300x179.png 300w\" sizes=\"(max-width: 561px) 100vw, 561px\"\/><\/noscript><\/figure>\n<p>He explains that his problem with Gensler is his recent regulatory actions, which he perceives as a \u201cmassive overcorrection\u201d targeting crypto firms.\u00a0<\/p>\n<p>He believes that it stems from a sense of embarrassment over the fact Gensler was meeting with Sam Bankman-Fried before the <a href=\"https:\/\/cointelegraph.com\/magazine\/can-you-trust-crypto-exchanges-after-the-collapse-of-ftx\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">collapse of FTX<\/a> and didn\u2019t realize \u201che was a fraud.\u201d<\/p>\n<div class=\"article-suggest\">\n<p>Read also<\/p>\n<div class=\"article-suggest__items\">\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/grayscale-ad-digital-currency-history-of-money\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>Why Grayscale\u2019s New Digital Currency Ad Could Bring Crypto Investing To Millions<\/p>\n<p>                        <\/a>\n                    <\/div>\n<div class=\"article-suggest__item\">\n                        <a href=\"https:\/\/cointelegraph.com\/magazine\/despite-a-bad-rap-nfts-can-be-a-force-for-good\/\" class=\"article-suggest__subtitle display4\"><br \/>\n                            <span>Features<\/span><\/p>\n<p>Despite the bad rap, NFTs can be a force for good<\/p>\n<p>                        <\/a>\n                    <\/div>\n<\/div>\n<\/div>\n<h2><strong>Spicy beef: ZachXBT<\/strong><\/h2>\n<p>ZachXBT, a pseudonymous on-chain researcher, accused Melker of pumping and dumping shit coins to his followers in 2021. It was a troubling time for Melker, who received threats and became the target of white-hot anger.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"506\" height=\"685\" alt=\"\" class=\"wp-image-22211\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM.png 506w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM-222x300.png 222w\" data-lazy-sizes=\"(max-width: 506px) 100vw, 506px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"506\" height=\"685\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM.png\" alt=\"\" class=\"wp-image-22211\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM.png 506w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.43-PM-222x300.png 222w\" sizes=\"(max-width: 506px) 100vw, 506px\"\/><\/noscript><\/figure>\n<p>Melker vehemently refuted the claims and announced he would steer clear of tweeting about projects with small market caps altogether.<\/p>\n<p>Melker says he doesn\u2019t want his audience to get the wrong idea and prefers to focus on the educational stuff. He reiterates that he \u201cwas passionate\u201d about trading altcoins, but says it can be difficult to navigate the boundaries of what you should and shouldn\u2019t talk about as your following grows.<\/p>\n<p>\u201cYou don\u2019t just show up with 900,000 followers one day and understand what you can and cannot tweet about.\u201d<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"329\" alt=\"Tweet\" class=\"wp-image-22212\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM-300x176.png 300w\" data-lazy-sizes=\"(max-width: 561px) 100vw, 561px\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"561\" height=\"329\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM.png\" alt=\"Tweet\" class=\"wp-image-22212\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM.png 561w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/07\/Screen-Shot-2023-07-18-at-10.55.56-PM-300x176.png 300w\" sizes=\"(max-width: 561px) 100vw, 561px\"\/><\/noscript><\/figure>\n<h2><strong>Price predictions?<\/strong><\/h2>\n<p>\u201cThere\u2019s nothing that makes you look dumber than a price prediction,\u201d Melker states. He should know, given he took an optimistic <a href=\"https:\/\/cointelegraph.com\/magazine\/ethereum-is-woefully-undervalued-but-growing-more-powerful-defi-dad-hall-of-flame\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">swing at predicting Ethereum<\/a> would hit five figures in 2021.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>However, he is bullish on Bitcoin hitting six figures in the next bull run.<\/p>\n<p>\u201cI think the next cycle would be somewhere between 100 (thousand) and 250 (thousand),\u201d he declares.\u00a0<\/p>\n<p>But Melker believes that after that, the market will see another huge decline before it hits half a million.<\/p>\n<p>\u201cThen we drop down to 60 (thousand), and it\u2019s boring forever. Then, we pop up to half a million, like we continue these four-year cycles.\u201d<\/p>\n<p>However, Melker doesn\u2019t want \u201cto live in a world where Bitcoin is a million dollars.\u201d<\/p>\n<p>\u201cThe faster it happens, the worse the world is,\u201d Melker says.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cBecause if Bitcoin goes to a million dollars. It means that everything else has exploded, including the United States dollar, and we\u2019re living in some Mad Max dystopian future.\u201d<\/p>\n<\/blockquote>\n<p>\u201cWhere you and I are those guys without faces painted going to gas town, fighting off the enemies,\u201d he describes, referring to the 2015 movie <em>Mad Max: Fury Road<\/em>.<\/p>\n<p>But maybe in <a href=\"https:\/\/cointelegraph.com\/magazine\/coin-stories-natalie-brunell-bitcoin-ath-all-time-high-hall-of-flame\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a couple of decades<\/a>.<\/p>\n<p>\u201cI would like to see Bitcoin at a million dollars in 20 years, following reasonable cycles,\u201d he adds.<\/p>\n<div class=\"subscribe subscribe--inner\">\n<div class=\"container\">\n<div class=\"subscribe__inner\">\n<div class=\"subscribe__content\">\n<p>Subscribe<\/p>\n<p>The most engaging reads in blockchain. Delivered once a<br \/>\n        week.<\/p>\n<\/div>\n<div class=\"subscribe__img\">\n    <img alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\"\/><noscript><img src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/10\/reading-copy.png\" alt=\"Subscribe to Magazine by Cointelegraph Newsletter.\"\/><\/noscript>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"author category_page\">\n<div class=\"author__img\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" alt=\"\" height=\"300\" width=\"300\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/01\/ED8906FB-583C-453F-8874-2267513D655C.jpeg\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2023\/01\/ED8906FB-583C-453F-8874-2267513D655C.jpeg\" alt=\"\" height=\"300\" width=\"300\"\/><\/noscript>\n\t\t\t\t\t\t<\/div>\n<div class=\"author__content\">\n<h2 class=\"author__name\">Ciaran Lyons<\/h2>\n<p>Ciaran Lyons is an Australian crypto journalist. He&#8217;s also a standup comedian and has been a radio and TV presenter on Triple J, SBS and The Project.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<section class=\"news\">\n<\/section>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/wolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scott Melker is the host of The Wolf Of All Streets Podcast and author of The Wolf Den newsletter. \u201cIf I tweeted about a small cap [crypto] of some sort right now, the price would probably change by like 50%,\u201d says Scott Melker, better known to his 904,800 Twitter followers as The Wolf Of All Streets. Melker says he takes this responsibility seriously and won\u2019t share tweets that might \u201cimpact the market\u201d \u2013 but this makes Twitter \u201ca lot more boring\u201d from his end. In fact, Melker declares that Twitter&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[148,5972,5971,130],"_links":{"self":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/17112"}],"collection":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/comments?post=17112"}],"version-history":[{"count":0,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/posts\/17112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media\/17113"}],"wp:attachment":[{"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/media?parent=17112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/categories?post=17112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo2.dedicatedhost247.com\/crypto\/wp-json\/wp\/v2\/tags?post=17112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}