Alliance DAO co-founder: L1 tokens will struggle to compete with traditional quality stocks in the next 10 years.

Alliance DAO co-founder QwQiao posted on the X platform, stating that he'd be happy to bet on any stock index he lists that, over the next 10 years, a weighted index of their chosen Layer 1 tokens will outperform it. QwQiao noted a strange misconception: most people believe growth equals profit equals market capitalization growth. Historically, most industries haven't actually followed this pattern. There's been growth without profitability (like airlines and restaurants), and there are industries that don't grow but are profitable (some excellent companies can raise prices over time). "I believe blockchain will experience rapid growth, but competition will lower profits. While the competition won't be entirely fierce (unlike the restaurant industry), it will be far more competitive than an oligopoly market."