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Alliance DAO Co-founder: We do not believe that L1 Tokens are necessarily a bad investment, nor will we short them.
On November 29, QwQiao, co-founder of Alliance DAO, stated, “I do not think L1 Tokens are necessarily a bad investment. I certainly wouldn't short them. I just can't convince myself that they are particularly good investments. In a universe with thousands of optional assets, you can always find a small handful of 9/10 quality assets to hold. So why get hung up on 7/10 assets? I can sleep more soundly because every asset I hold has a solid moat, is in a track of exponential rise, and is reasonably valued.” Yesterday, QwQiao mentioned that it is hard to convince himself to hold L1 Tokens long-term because there is no “moat.”