Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

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.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)