BlockBeats News, November 29, Co-founder of Alliance DAO, QwQiao, wrote, “I don’t think L1 tokens are necessarily a bad investment. Of course, I won’t short them either. It’s just that I can’t convince myself that they are a particularly good investment.
In a universe with thousands of optional assets, you can always find a small group of high-quality assets rated 9/10 to hold. So why bother with 7/10 assets?
I can sleep more soundly because every asset I hold has a strong moat, is in an exponentially growing track, and is reasonably valued.”
Yesterday, QwQiao stated that it’s difficult to convince oneself to hold L1 tokens long-term because there is no “moat.”
