Scott Melker, also known as The Wolf Of All Streets, has become a prominent figure in the crypto industry with his popular Twitter account boasting over 900,000 followers. But with great influence comes great responsibility, and Melker has found that his ability to impact the market with a single tweet has made Twitter “a lot more boring” for him.
Melker acknowledges the weight of his words and avoids sharing tweets that could have a significant impact on the market. He wants to maintain integrity and ensure that he doesn’t manipulate prices. However, this self-imposed restriction means that he can only post about Bitcoin and inspirational quotes, as anything else could land him in hot water.
Before diving into the world of crypto, Melker had a diverse career path. After graduating from Penn State University with an Anthropology degree, he tried his hand at various endeavors, finding the most success as a DJ. He also started his own magazine focused on street culture, which caught the attention of a larger publication called Frank 151. As the editor-in-chief of both magazines, Melker had the opportunity to attend parties and rub shoulders with legendary acts like the Wu-Tang Clan and Outcast. It was his involvement in the music industry that ultimately led him to crypto trading.
Melker’s initial rise to Twitter fame came through sharing charts and trades, but he quickly realized that he didn’t want his account to be solely based on trades. He transitioned to a more holistic approach, sharing educational and informational content about the crypto market. His follower count grew exponentially during previous bull markets, with a hundred thousand new followers in just two months at one point. However, this surge in popularity has made it impossible for Melker to respond to everyone who interacts with his tweets or messages him.
While often labeled as an “influencer,” Melker dislikes the term and sees himself as a student of crypto. He is passionate about the industry and constantly seeks to learn more. His content revolves around keeping people up-to-date with crypto news and sharing his insights on what’s important versus what’s noise.
However, Melker has also faced controversies and beef within the crypto community. He has expressed strong disapproval of Gary Gensler, the Chair of the United States Securities and Exchange Commission, for what he considers to be overzealous regulatory actions against crypto firms. Additionally, he faced accusations of pumping and dumping shit coins to his followers, which he vehemently denied. These incidents have taught him the importance of navigating the boundaries of what he should and shouldn’t talk about as his following grows.
Melker avoids making price predictions as they can often make one look foolish. However, he is bullish on Bitcoin hitting six figures in the next bull run, but believes that there will be another significant decline before it reaches half a million. He is cautious about Bitcoin reaching a million dollars too quickly, as it would signify a dystopian future where everything else has collapsed.
In conclusion, Scott Melker has emerged as a prominent figure in the crypto industry through his Twitter account, but he takes his responsibility seriously and avoids sharing tweets that could manipulate the market. While his follower count has grown exponentially, he remains committed to providing educational and informational content about the crypto market. Despite controversies and beefs, Melker continues to share his insights and navigate the ever-changing world of crypto.