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

Jinse Finance reported that QwQiao, co-founder of Alliance DAO, stated in a post that he does not necessarily believe L1 tokens are a bad investment. Of course, he also would not short them. It's just that he cannot convince himself that they are particularly good investments. In a universe with thousands of available assets, you can always find a handful of high-quality assets rated 9/10 to hold. So why bother with assets rated 7/10? He can sleep better at night because every asset he holds has a strong moat, is in an exponentially growing sector, and is reasonably valued. Yesterday, QwQiao also mentioned that it is hard to convince himself to hold L1 tokens for the long term because they lack a "moat."