[Alliance DAO Co-Founder: Still Believe Bitcoin is the Most Likely Asset to Replace Gold] BlockBeats News, December 2, Alliance DAO co-founder QwQiao posted on social media, saying, 'If L1 tokens have the potential to become a non-sovereign store of value, it indicates that their prices are not yet severely overvalued and they can also serve as an effective hedge against Bitcoin. Bitcoin will face at least two major risks in the coming decades: security budget and quantum resistance. The core point is that Bitcoin is relatively rigid and may not be able to address these issues quickly enough. Of course, I still firmly believe that Bitcoin is undoubtedly the best non-sovereign currency and the most likely asset to replace gold. But if you're looking for a good reason to hold L1 tokens, this is it.' Previously, QwQiao stated that it is difficult to convince himself to hold L1 tokens long-term because they lack a 'moat.'