Scott Melker Destroys the “Next FTX” Panic

Is Bitcoin already forming a bottom — or is the worst still ahead? Scott Melker joins Cointelegraph to explain why the current market increasingly resembles a traditional four-year-cycle bear market, which technical signals suggest Bitcoin may be bottoming, and why he expects months of sideways price action before a sustained recovery. Melker also tears into two of crypto’s most popular disaster scenarios. He calls predictions of a Coinbase collapse “the dumbest thing I’ve ever heard” and says the Strategy liquidation narrative is “99% stupid” — while identifying the one risk that could actually threaten Michael Saylor’s Bitcoin strategy. He also reveals how his long-term portfolio has changed, why he is aggressively buying Bitcoin at current prices, and why he has replaced part of his Ether allocation with Solana. The conversation also covers Robinhood Chain, Ethereum’s renewed narrative, the limits of the “ultrasound money” thesis, unrealistic 30x forecasts for DeFi tokens, and why Scott believes the SpaceX IPO was structurally designed to extract value from retail investors. 00:00 — Coinbase collapse fears are “the dumbest thing” 00:35 — Is Bitcoin’s four-year cycle still alive? 03:07 — Why Bitcoin may already be forming a bottom 05:03 — Is the market searching for the next FTX? 05:58 — Why the Strategy liquidation narrative is “99% stupid” 08:10 — The only real risk facing Strategy 09:58 — Why Saylor FUD may be a Bitcoin bottom signal 11:07 — Scott Melker’s updated crypto portfolio 11:56 — Why he added Solana and reduced his ETH allocation 12:45 — Why he is aggressively buying Bitcoin 13:06 — Why Robinhood Chain matters for crypto adoption 14:43 — How Robinhood could revive Ethereum’s narrative 15:31 — Does value from layer 2s actually accrue to ETH? 18:40 — Why Ethereum’s utility may not justify its price 19:19 — Why ETH is not “ultrasound money” 20:19 — Can DeFi tokens really rise 30x by 2030? 22:45 — Why ETH and SOL may be the safest DeFi bets 23:10 — Was the SpaceX IPO designed to extract value from retail? 25:00 — Why the SpaceX sell-off could get much uglier #bitcoin #crypto #news Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.