PANews reported on December 2nd that QwQiao, co-founder of Alliance DAO, stated on the X platform: "If L1 tokens have the potential to become a non-sovereign store of value, it indicates that their price is not yet significantly overvalued and 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 argument is that Bitcoin is relatively rigid and may not be able to address these issues quickly enough. Of course, I still 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, Alliance DAO co-founders stated that the L1 token lacks a moat, and betting on the application layer may be the way out .PANews reported on December 2nd that QwQiao, co-founder of Alliance DAO, stated on the X platform: "If L1 tokens have the potential to become a non-sovereign store of value, it indicates that their price is not yet significantly overvalued and 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 argument is that Bitcoin is relatively rigid and may not be able to address these issues quickly enough. Of course, I still 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, Alliance DAO co-founders stated that the L1 token lacks a moat, and betting on the application layer may be the way out .