On Thursday (June 2), with Bitcoin trading around the $430,000 level, prominent crypto analyst and trader Scott Melker (aka “Wolf of All Streets”) was asked if he still thinks that “Bitcoin is going to the moon”.
Melker, who is the host of the “Wolf of All Streets” podcast and the author of “The Wolf Den Crypto Newsletter“, was asked this question during an interview with former Wall Street analyst Charles Payne, who is the host of Fox Business Network (FBN) show “Making Money With Charles Payne“, and this is the reply that Melker gave:
“Oh man, Bitcoin is absolutely going to the moon, and when it gets there, we’re going to bring ‘Payne Coin’ back… But listen man, I mean it’s easy for us as Americans with access to stocks and the global markets and global reserve currency to talk about Bitcoin as just another asset, but all over the world, we’re seeing hockey stick adoption.
“Nation states adopting it as legal tender, people using it as it means of exchange, unbanked and underbanked people every single day. This is saving their lives. And in countries like Venezuela with hyperinflation, it truly is a hedge against inflation.
“We are only at the beginning, and like I said, in the United States, we have a kind of a different perspective about it, but it is saving lives all over the world. It’s absolutely going to the moon.“
According to data by CryptoCompare, currently (as of 10:00 a.m. UTC on June 3) Bitcoin is trading around $30,243, up 0.73% in the past 24-hour period.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.