BlockBeats News, November 14th, Co-founder of Alliance DAO, QwQiao, recently posted on social media, stating that despite macro factors such as Fed quantitative easing (QE), US Treasury General Account (TGA) rebuild, and interest rate cuts pointing to a market rally, intuitively “it all feels over.” QwQiao describes crypto as a “self-fulfilling asset class,” emphasizing the inevitability of the four-year cycle prophecy, putting the market at a frustrating crossroads. As a long-term optimist, he has been uneasy about the crypto market since mid-September and has observed that the majority of savvy traders and long-term investors have turned bearish.
Shifting focus to the US stock market, QwQiao views artificial intelligence (AI) as the “sole factor” of the dominant cycle, far exceeding liquidity indicators and technical signals. He warns that if the AI bubble bursts, the entire market will collapse; conversely, if AI-related stocks continue to rise, bears will be proven completely wrong. He likens NVIDIA to the Bitcoin of crypto, noting that when AI stocks (especially NVIDIA) rise, funds flow out of assets like crypto, leading to a crypto downturn, and vice versa, forming a binary scenario of “AI Stocks vs Everything Else.”
In a specific sector, QwQiao is optimistic about the growth trajectory of stablecoin startups, believing it far surpasses the speed of AI startups, primarily due to the scarcity of the stablecoin market competition, while the AI vertical has over 50 players already crowded. This year, his stock market returns have significantly outperformed crypto, and he has not ventured into high-growth but inefficient AI stocks, instead favoring “quality companies at a reasonable price.”
