[Coin World] The co-founder of Alliance DAO, QwQiao, recently shared an interesting perspective. He mentioned that if you believe certain L1 tokens could become “non-sovereign value reserves” and serve as alternatives to Bitcoin, then the current valuations are not actually unreasonable.
Why do you say that? He mentioned that Bitcoin may face two hard issues in the future: one is the problem of security budget, and the other is the capability to resist quantum computing. What's more troublesome is that the Bitcoin protocol has already been highly solidified, and it is basically unrealistic to quickly adjust to respond to new challenges.
Of course, he didn't sing the blues for Bitcoin either; its long-term position is still recognized. But precisely because of these uncertainties, allocating a portion of L1 Tokens for hedging has become a reasonable strategy. In other words, you shouldn't put all your eggs in one basket, even if that basket is Bitcoin.
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Why configure L1 Token? Alliance DAO co-founders provided the hedging logic.
[Coin World] The co-founder of Alliance DAO, QwQiao, recently shared an interesting perspective. He mentioned that if you believe certain L1 tokens could become “non-sovereign value reserves” and serve as alternatives to Bitcoin, then the current valuations are not actually unreasonable.
Why do you say that? He mentioned that Bitcoin may face two hard issues in the future: one is the problem of security budget, and the other is the capability to resist quantum computing. What's more troublesome is that the Bitcoin protocol has already been highly solidified, and it is basically unrealistic to quickly adjust to respond to new challenges.
Of course, he didn't sing the blues for Bitcoin either; its long-term position is still recognized. But precisely because of these uncertainties, allocating a portion of L1 Tokens for hedging has become a reasonable strategy. In other words, you shouldn't put all your eggs in one basket, even if that basket is Bitcoin.