AllianceDAO co-founder Wang Qiao stated that cryptocurrencies have lost their current appeal, revealing that he has allocated half of his portfolio to stocks and the other half to Bitcoin.
Wang Qiao, a well-known figure in the cryptocurrency world and co-founder of AllianceDAO, made striking statements about his investment strategy in a podcast. Qiao stated that crypto tokens no longer hold much appeal for him and shared a portfolio allocation that has attracted the attention of investors. He mentioned that he only holds Bitcoin (BTC) and a very small amount of other altcoins.
Updating his strategy due to the general stagnation or changes in the crypto market, Qiao prefers to manage his assets in a balanced way. The ratio of stocks to Bitcoin in his portfolio is approximately 50/50. This demonstrates how much importance even a crypto-focused figure places on traditional financial instruments. Unlike many investors, Qiao remains cautious about emerging projects or risky assets, emphasizing that many tokens in the crypto ecosystem don't excite him in the current market conditions.
Technology Giants at the Center of the Portfolio
Technology giants make up the largest share of Wang Qiao's investment portfolio. Qiao stated that his largest investment is in the global giant Google, while also revealing that he owns shares in the Chinese technology company Tencent. Although he still believes in the future of cryptocurrencies, his move towards established global companies to diversify his risks has been met with interest in the market.
Bitcoin as a Safe Haven
This approach demonstrates that experienced investors, especially during periods of market uncertainty, tend to gravitate towards Bitcoin and traditional stocks as safer havens. Qiao's strategy offers an example of diversification for investors seeking protection from the volatility of the cryptocurrency market. Editors who follow market movements worth millions of dollars note that such strategic moves are becoming increasingly common among institutional investors.
