Alliance DAO co-founder: I don't believe L1 tokens are necessarily bad investments, nor would I short them.

Foresight News reported that Alliance DAO co-founder QwQiao tweeted, "I don't necessarily think L1 tokens are a bad investment. Of course, I wouldn't short them either. It's just that I can't convince myself that they're particularly good investments. In a universe with thousands of assets to choose from, you can always find a handful of high-quality assets rated 9/10 to hold. So why bother with assets rated 7/10? I can sleep better at night because every asset I hold has a strong moat, is in an exponentially growing sector, and is reasonably valued."

According to previous Foresight News coverage, Alliance DAO co-founder QwQiao tweeted, "The reason I find it hard to convince myself to hold L1 public chain tokens for the long term is not because their price-to-earnings (P/E) ratio is high, but because they lack a 'moat.' Without a 'moat,' they become commoditized and cannot capture meaningful value."