BlockBeats News, December 2nd, Co-Founder of Alliance DAO QwQiao posted on social media, stating, “If an L1 token has the potential to become a non-sovereign store of value, this indicates that its price has not been severely overvalued, and it can also serve as an effective hedge against Bitcoin. Bitcoin will face at least two major risks in the next few decades: security budget and quantum resistance.
The core point is that Bitcoin is relatively rigid and may not be able to respond quickly enough to these issues.
Of course, I still believe that Bitcoin is undoubtedly the best non-sovereign currency and the most likely asset to replace gold, but if you are looking for a good reason to hold an L1 token, this is it.”
Previously, QwQiao stated that it is difficult to convince oneself to hold L1 tokens for the long term because there is no “moat.”
