Scott Melker, also known as The Wolf Of All Streets, is a popular figure in the crypto community with over 900,000 Twitter followers. However, Melker admits that as his following grew, Twitter became less fun for him. He felt a responsibility to not share tweets that could “impact the market” and found himself limited to posting about Bitcoin and inspirational quotes. Despite this, Melker has seen success in the crypto industry and has become a prominent figure on social media.
Melker’s journey in the crypto industry began when he noticed other DJs trading crypto and decided to give it a try. He started trading on the Gemini exchange in 2016 and quickly became interested in the potential for making money. It wasn’t until later that he developed a passion for learning about crypto and sharing that knowledge with others.
Melker’s Twitter account initially gained followers when he posted about his successful trades. However, he didn’t want his account to be solely focused on trades, so he expanded his content to include educational and informational posts about the crypto market. He believes that his follower growth is directly linked to the performance of the crypto market, with significant increases during bull markets.
While Melker appreciates his large following, he admits that it has become overwhelming to respond to every comment and message he receives. He now prioritizes sharing educational content rather than engaging with every individual who reaches out to him. Melker dislikes being referred to as an “influencer” and prefers to see himself as a student of crypto who is passionate about learning and sharing his knowledge.
One notable aspect of Melker’s Twitter presence is his criticism of Gary Gensler, the chair of the United States Securities and Exchange Commission. Melker has been vocal about his negative opinion of Gensler and has actively participated in #firegarygensler trending on Twitter. He believes that Gensler’s regulatory actions targeting crypto firms are a “massive overcorrection” and stem from embarrassment over meeting with individuals later involved in scandals.
Melker also faced controversy when a pseudonymous researcher accused him of pumping and dumping worthless cryptocurrencies to his followers. He strongly denied these accusations and decided to steer clear of tweeting about projects with small market caps. He wants to focus on educational content and avoid giving the wrong impression to his audience.
When it comes to price predictions, Melker advises against making them. He acknowledges that predicting prices can make one look foolish and unreliable. However, he is bullish on Bitcoin hitting six figures in the next bull run, with a range between $100,000 and $250,000. He believes that after that, there will be a significant decline before reaching half a million. Melker expresses a desire for Bitcoin to reach a million dollars in 20 years but hopes for reasonable cycles and not a rapid explosion in value.
Scott Melker’s journey in the crypto industry and his popularity on Twitter demonstrate the complex nature of being a public figure in the crypto community. While he enjoys sharing his knowledge and interacting with his followers, he also feels a responsibility to be cautious with his posts to avoid impacting the market. Ultimately, Melker’s goal is to provide educational content and contribute to the growth and understanding of the crypto industry.
