AllianceDAO and FOMO Founder's Latest Portfolio: 70% in Stocks, Crypto Holdings Limited to BTC and Zcash

Original Title: Is The Bottom In? What The Lads Are Buying!
Original Source: Steady Lads Podcast
Original Translation: Deep Tide TechFlow

Disclosure: The guests on this podcast have significant financial ties to the discussed assets. Qiao Wang's firm holds a large amount of early-stage Web3 projects, with his personal holdings concentrated in US stocks, BTC, and Zcash; Tiki holds S&P 500, government bonds, and a substantial collection of Pokémon physical cards; Justin holds Zcash and Lit airdrops; Jordy holds BTC and Hyperliquid (Hype); Dimma holds Near and Grass; FOMO co-founder's data is heavily skewed towards customer acquisition and product promotion. The content of this episode faithfully presents the guests' actual holdings and reasoning, and does not constitute independent third-party investment advice. Readers are responsible for their own wallets.

Introduction: This is the return debut of the Steady Lads podcast after a four-month hiatus, coinciding with Bitcoin reclaiming the $80,000 mark. Unlike previous discussions on market trends, the highlight of this episode is that several resident veterans of the industry have directly revealed their current real holdings (Portfolio). The results are surprising: in this circle believed to be full of get-rich-quick myths, the truly smart money is either massively retreating to traditional financial assets or investing heavily in a few highly deterministic assets. The vast majority of altcoins have been completely abandoned by them.

Key Takeaways

· Deep Dive into the Holdings of 5 Heavyweights: The greatest value of this episode lies in shattering the illusion of holdings within the circle. Qiao Wang has 70% to 80% of his funds in US stocks, keeping only BTC and Zcash as his crypto assets; Tiki is executing an extreme barbell strategy, holding S&P 500, government bonds, and around $3 million worth of Pokémon physical cards, and explicitly stating a bearish view on almost all other tokens; Jordy has a core holding in BTC, retains some Hyperliquid, but acknowledges its overvaluation; Justin bought the dip in spot Zcash and retained early Lit airdrops; Dimma holds AI concept coins like Near and Grass.

· Zcash's Ten-Year Bottoming Consensus: Zcash has become a core holding for both Qiao Wang and Justin. The key logic is that its decade-long shakeout has thoroughly cleared out early investors' selling pressure. Graphically, it has formed a massive bottoming pattern spanning a decade. Compared to chasing highs in BTC, Zcash, with the same supply but an extremely low price, offers an excellent risk-reward ratio buying opportunity.

· The Harsh Reality of Memecoin Liquidity Drought: Apart from a very few top assets, most tokens have been blacklisted by guests. In stark contrast, data shared by FOMO Genesis reveals that around 40,000 non-crypto native users are flocking to mobile to engage in Meme trading daily. Retail money is being consumed through this ultra-low barrier "social game," while traditional classic tokens have fallen out of favor.

· The Disagreement on Macro Bottoming: In light of Bitcoin's recent massive volatility, Jordy believes that with the USD devaluation narrative, the correlation between gold and Bitcoin has hit an all-time high, and funds are swiftly returning. Justin, on the other hand, strictly adheres to the four-year cycle theory, believing that calling a bottom at this stage is premature. In a risk-on industry where the risk-reward ratio is lacking, he suggests that buying high Bitcoin is inferior to buying AI tech stocks in the US market.

Key Insights Summary

On True Holdings and Defense "Around 70% to 80% of my funds are in US stocks, and on the crypto side, I only hold Bitcoin and Zcash. In this high-risk industry where a 50% plunge can happen for no reason in a single day, you have to stay rational." (Qiao Wang) "My strategy is a standard barbell approach: one side is S&P 500 and bonds, and the other side is my $3 million Pokemon card collection. For the vast majority of tokens, I am extremely bearish." (Tiki)

On Zcash's Decade-Long Bottom "Zcash's logic has remained unchanged for a decade, and most importantly, early investors have already sold off, and the miner rewards have decreased significantly. Now, the buying pressure has finally exceeded the selling pressure." "Look at its long-term chart, which includes three rounded bottoms nested in a decade-long giant accumulation pattern. This is the most perfect chart structure you can find."

On the Essence of Mobile Trading "Traditional elimination-style mobile games can make a billion dollars in a year. Token trading on mobile is essentially a game with a lower barrier to entry and real-money incentives." "Users don't care about which chain is underlying. Of the 110,000 daily active users yesterday, 90,000 were trading on the Robinhood chain assets, and 100,000 on Solana. The user experience is completely seamless."

I. Revealing the Hand of 5 Crypto Titans: Besides Bitcoin, What Are They Buying?

In the latter part of the show, everyone engaged in a game called "Reveal Your Briefcase," where these veterans of the crypto market revealed their current real liquidity holdings. This data set brutally proves one point: smart money is no longer scavenging in the rubbish heap.

Qiao Wang (Founding Partner of Alliance DAO): While his firm has extensively invested in various emerging Web3 projects, his personal liquidity asset allocation is extremely conservative. He has 70% to 80% of his portfolio locked in U.S. stocks. In the remaining crypto assets, he has completely abandoned a variety of low-cap altcoins, keeping only Bitcoin and Zcash. In terms of risk-adjusted investment amount, the money he has spent on Zcash is even comparable to his U.S. stock holding.

Tiki: He has implemented the most extreme form of a "barbell strategy" (one end extremely conservative, the other end extremely high-risk). His conservative end consists of S&P 500 ETFs and U.S. Treasury bonds; the high-risk end is about $3 million worth of Pokémon physical cards. When faced with inquiries from other guests, he candidly stated, "Unless it is a project I participated in at an early investment stage, I am extremely bearish on all tokens currently available in the market."

Jordy: His core absolute position is in Bitcoin, and he has accumulated a significant amount. As for altcoins, he has retained some Hyperliquid (Hype) holdings, but he clearly points out that Hype's current P/E valuation is overly inflated. The current price support relies more on retail investor sentiment, which is not sustainable in the long run. Therefore, he has been consistently taking profits on rallies.

Justin: He conducted tax-loss harvesting at the market absolute bottom (around $1) and then bought a large amount of spot Zcash. Additionally, he still holds the early received Lit airdrop, with the current holdings accounting for about 80% of the initial allocation.

Dimma: He is relatively inclined towards popular narratives among them. He holds some AI-related tokens with fundamental support such as Near and Grass, and also has a growing early-stage AI token venture capital portfolio.

II. Why Zcash? The Ten-Year Giant Bottom and the Expectation of "AI Currency"

Among the holdings of several big players, Zcash has become the most frequently mentioned and significantly held asset. Qiao Wang has provided a comprehensive buying logic.

Fundamentally, Zcash's privacy and quantum resistance core functions have undergone nearly a decade of market testing. In terms of the chip structure, the eight to nine years of shakeout have allowed early institutional investors and the team to distribute all chips. With the halving cycle progressing, miner selling pressure has also significantly decreased. Today, the market's new buying force is finally beginning to overwhelm the historical selling pressure. A few days ago, even though a whale conducted a cross-chain transfer and sold $50 million worth of ZEC in one go, the market still smoothly absorbed it, and the price did not experience a significant collapse.

From a transactional technology perspective, Qiao pointed out that Zcash has formed an extremely rare long-term structure: several smaller nested rounded bottoms continuously converging into a decade-long giant bottom accumulation pattern.

What's even more intriguing is the valuation comparison. While Bitcoin has made it challenging to provide a hundredfold return for new retail entrants, Zcash's total supply is identical to Bitcoin's, yet its current price is only about one percent of Bitcoin's. Podcast guests speculate that after Bitcoin secures its position as digital gold, the market is in dire need of a native "privacy AI currency" to capture new capital outflows, and Zcash is quietly occupying this niche.

III. The True Destination of Off-chain Funds: 40,000 Newbies Join Mobile Games Daily

While the crypto community is still fixated on various classical edge tokens, FOMO Trading App's co-founder Se brought a set of eye-opening data: they are currently acquiring approximately 40,000 genuine new users daily from the app stores, with the vast majority being non-crypto-native pure newcomers.

Their core user acquisition strategy is UGC (User-Generated Content) marketing, spending $100k to $150k per month sponsoring social media creators. By showcasing real transaction records and material lifestyles, they have successfully broken through the common people's information barrier.

In terms of product design, FOMO has completely rejected the complex concept of a "public blockchain." Of the 110,000 daily active users yesterday, 90,000 traded assets on the Robinhood chain, 100,000 participated in Solana, and 60,000 engaged with Base. Users do not need to switch wallets or perform cross-chain transactions; all assets can be seamlessly traded within the same interface. Furthermore, FOMO only charges a 0.5% fee, much lower than Coinbase's retail-oriented fee of up to 2.5%.

Se's blunt conclusion: these token transactions on mobile are essentially a social game with real money incentives. Traditional match-three games make billions of dollars every year, and the crypto space has packaged financial speculation into mobile games, creating a commercial ecosystem far larger and more addictive than traditional games.

IV. Macro Debate: With Rate Cut Expectations, Should You Chase Bitcoin or Embrace US Stocks?

Regarding the recent massive $20,000 weekly swing in Bitcoin, the guests provided contrasting expectations.

Jordy believes that as the Fed pivots towards expectations and clear macro-level signals of USD devaluation, the market can no longer find better safe-haven assets than gold and Bitcoin. Bloomberg data shows that the current correlation between gold and Bitcoin has reached a historical high, with traditional institutions buying into both simultaneously.

Justin, on the other hand, is relatively cautious. He strictly adheres to the four-year cycle theory and believes that it is still too early to confirm the bottom at this stage. He did some calculations: if Bitcoin bottoms out at $60,000 and one were to buy at the current price, the upside potential is less than double compared to the $125,000 peak projected in the previous cycle. In a situation where the risk-reward ratio is insufficient, he would rather allocate this portion of funds to AI tech stocks in the US market.

Regardless of whether the market moves left or right, the consensus reached by this group of veterans is very consistent: place money in the most liquid top traditional assets or concentrate it in a few assets with solid logic, completely abandoning those fringe assets that lack real value.

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