Original title: " The Secret to Winning in Crypto (from a Top Investor) - Alliance Founding Partner | EP86 "
Guest: Qiao Wang, Founding Partner of Alliance DAO
Compiled by: zhouzhou, Ismay, BlockBeats
Editor's note: In this podcast, Qiao explores the necessary qualities of great founders and investors, emphasizing the importance of persistence and unique insights in the crypto industry. He shares his investment strategy and explains the difference between investing and trading. , and his optimism about Solana. In addition, Qiao summarized the key qualities that stood out in the Alliance DAO accelerator.
The following core questions are raised and explored in this podcast:
- Key traits of being a great founder and investor
- Qiao's personal investment strategy
- Predictions for the future crypto market
TL;DR:
Key qualities to be a great founder and investor: Qiao stressed that persistence, unique market insights, and a high level of integrity are the keys to success. At the same time, he pointed out that autistic traits have advantages in crypto founders, allowing them to navigate complex Demonstrated ability to think independently and focus in an environment that requires
Personal Investment Strategy: Qiao explained his decision to sell Ethereum and favor Solana, believing that Solana has greater potential, and also analyzed in depth the difference between investment and trading.
How to stand out in Alliance DAO: Founders must demonstrate a high level of independent thinking, focus, and problem-solving skills. We particularly value teams that can reject conventional wisdom and stick to their own ideas.
Future Outlook of Crypto Market: Qiao mentioned his prediction for Bitcoin price in the next 12 months, and he also said that the market sentiment and volatility will be significantly affected in the election year.
Work-Health Balance: He shares his thoughts on health and work, saying that while work can be stressful, social interaction is essential for longevity. Fitness and sleep are key to keeping healthy and productive.
The following is the original text of the conversation (the original content has been deleted and reorganized for easier reading and understanding):
Personal experience
Kevin: What are some unique stories about your childhood? Are there any special experiences that explain your success today?
Qiao Wang : I was born in a good family. Although my family was not well off, my parents told me that they would definitely send me to college. Meeting such a family was my first luck in life. That's when I met my wife, who really understands and supports me. She has her own career and ambitions, but she also takes good care of me and the children.
Kevin: Do you think you can get far on your own?
Qiao Wang : I think what really made me go further was actually some of my childhood experiences. Due to the limitations of my family, I couldn’t take so many risks, although I have taken more risks than ordinary people, such as entering I have been involved in the cryptocurrency field for a long time. But I have always wanted to take on more, but my family's financial situation has made me have concerns.
Kevin: So what stopped you? Was it some psychological concern?
Qiao Wang : Yes, I would think if I started a business right after graduating from college, what would happen to my parents? I couldn’t let my parents down, so I chose a relatively stable job in the financial industry on Wall Street. The salary was considered high at that age. Pretty good.
Kevin: What was your job at the time?
Qiao Wang : Quantitative trading mainly involves writing software for low-level distributed systems, which is actually why I later became interested in cryptocurrency. The advantage of quantitative trading is that it has statistical advantages, so the profits are relatively stable, which makes I made a lot of money at a very young age.
Kevin: You feel like you have your wife to thank for providing you with a lot of support, right?
Qiao Wang : Yes, especially her psychological and financial support, which enabled me to devote myself to the field of cryptocurrency later, both from an investment and career perspective. I think risk tolerance has two aspects. First, you are willing to take risks, and second, you have the ability to take risks. I have always been willing to take risks, but what really enables me to take risks is the support of my wife.
Kevin: You mentioned that your previous work in finance was your entry into the crypto industry. What was it about the world of cryptocurrency that initially attracted you?
Qiao Wang : What attracted me initially was the volatility of the market. The moment I really understood the value proposition of cryptocurrency was when I was a trader, doing arbitrage through different gambling platforms, and I particularly liked the low risk, high return It was these experiences that made me gradually realize the importance of cryptocurrency.
Kevin: You transferred a large sum of money to an offshore platform. What does this have to do with cryptocurrency?
Qiao Wang : I transferred about $20,000 to several offshore gambling platforms, and the money was stuck in the bank system for half a year. This made me realize that I needed Bitcoin. When I finally got the money back, I immediately transferred the money to a bank in Japan, which was the bank behind the then famous Mt. Gox. Then the price of Bitcoin started to rise. For many people, the first "magic moment" was seeing Prices rise, wealth increases.
If I had entered the crypto space at the peak of the market in 2011 or 2014, I would have given up for several years. But I decided to go all in on cryptocurrencies in 2017, which was another peak. Most of my wealth was already in crypto, but in 2017 I decided to invest my career into it as well and started working at Messari.
What kind of developer team can succeed?
Kevin: Last week, Kamino co-founder Thomas mentioned that you were one of their biggest supporters when Solana crashed to $8. How did you know that Solana would rebound when everyone was down?
Qiao Wang : This reminds me of the Ethereum DAO hack in 2016, which led to the split of the Ethereum community. However, a small number of developers remained enthusiastic about Ethereum and continued to develop applications on it. I believe that Ethereum will survive the difficulties. Similarly, I saw a small group of Solana developers after the collapse of FTX. Their enthusiasm and persistence for Solana gave me confidence.
Kevin: As an investor and founder, were there any similar moments that helped you build this belief and kept you sticking with Solana after the FTX crash?
Qiao Wang : Of course there are, such as Solana, Ethereum or Bitcoin. You can think of them as a "living organism". As long as the number of people participating in it reaches a certain "critical mass", it can survive. A similar situation was seen in Bitcoin’s “civil war” in 2017, where, in the end, the portion of the Bitcoin Core community persevered and other forks, such as Bitcoin Cash or SegWit2x, failed to gain enough support.
Kevin: Does this mean that in a bear market, even if only a small number of users are enthusiastic about the product, you can eventually reach "escape velocity" and achieve success?
Qiao Wang : That’s right. In a bear market, even if you only have 50 or 100 users, the support of these loyal users is enough to keep the project going and eventually achieve a breakthrough. Many of the projects we support have also experienced peaks and troughs. But even in the trough, they always have a small number of loyal users who really like their product. Even if the number of daily active users is declining, there may be only 10 to 100 users using it every day, but these core users allow the team to continue to iterate on the product. Eventually, these projects reach “escape velocity” (i.e., the product becomes a massive success).
A successful example is the NFT market "Tensor", which only had about 100 to 1,000 users in the first one or two years, and obviously not all of them were regular users. As an entrepreneur, you have a full year or two without growth. , did not gain enough market traction, what is your instinctive reaction at this time? Give up or turn? But in the end, their team persisted in their product and achieved a breakthrough.
Kevin : We tend to have a bias that high valuations in the crypto space should be accompanied by a large number of users because the way the industry is built makes people think this way. However, the fact is that even without many users, You may still have a chance to achieve a breakthrough in the future.
Qiao Wang : In Web 2, when you build a product, people usually tell you that you should achieve 10% or 20% growth every week. But the growth curve of truly successful products is very smooth, like a gradually increasing exponential growth. In the crypto space, the products that are ultimately successful and loved by people almost never follow this growth trajectory. Their growth trajectory is more like a step-by-step growth, which first grows and then remains stable for a period of time. Then there will be a wave of explosive growth, and then it will enter a period of stability.
For example, Coinbase grows significantly in every bull market, but remains relatively stable or even declines in a bear market. This is the case with most crypto products that support speculation, which is determined by the nature of the crypto market. Even products that are not speculative in nature, like Farcaster, have experienced a similar growth pattern. They had almost no growth for a long time, and then suddenly in December last year, the number of users increased 10 times, from 1 to 2. The number of daily active users increased from 10,000 to 100,000.
Kevin: What kind of people do you think make great crypto investors?
Qiao Wang : To stand out in the primary market, you need to have a natural skepticism about the world, question the consensus, and think about which of the things people often say are wrong.
Kevin: If someone is naturally optimistic, they may be a better founder, because to be a great founder, you need to have an overly optimistic, even a bit delusional, sense of confidence. Investors may need to be skeptical of everything, even a little cynical. How do you think we can strike a balance between the two?
Qiao Wang : Optimism and questioning the consensus or thinking independently are two separate concepts. In fact, some of the best founders I have worked with are very contrarian and they also question the consensus. Because the essence of entrepreneurship is to discover the market or user An insight that no one else understands. The first step in starting a business is to understand things that no one else understands. Therefore, the best founders and the best investors have the quality of reverse thinking.
Kevin: Naval believes that in this era of unlimited leverage, judgment is the most important thing. He means that judgment is similar to wisdom and can foresee the long-term consequences of your actions. So how do you cultivate this judgment?
Qiao Wang : Cultivate through actual action. As a trader, I learned through the "lessons" of the market. You have to lose money first before you learn how to make the right judgment. If you never take action, you are an investor. If you never really "play the field", then you will never learn. There are two best ways to learn: one is active humility, and the other is forced humility. You must improve your judgment through action.
Personal investment strategy
Kevin: So are you more inclined to investing or trading?
Qiao Wang : Both are fine. The key is to find the way you are good at.
Kevin: So what are the key skills required for short-term trading and long-term investing?
Qiao Wang : The core of both is to question the consensus. At the same time, trading is essentially the study of history. You have to analyze past patterns and look for those patterns that are statistically valid repeatedly. The advantage of short-term trading is that you can quickly get out of the market. If you trade 10 times a day, you will have 300 trading samples in a month, and then you can evaluate whether your strategy is effective. However, it is difficult to get quick feedback on long-term investment, and it may take several years to get feedback. Know if your investment is successful.
Buffett and Charlie Munger are often considered value investors, but in fact, their strategies have evolved over the past 90 years. In the early days, Buffett focused on companies with low price-to-earnings ratios and low price-to-book ratios, looking for undervalued companies. After meeting Munger, his investment philosophy changed. Munger believes that investing in a good company at a reasonable price is much better than investing in an ordinary company at a low price. This is more like growth investment rather than traditional value investment. Invest. In the cryptocurrency space, I think the same idea applies, you need to focus on protocols or tokens that grow over time, whether it is on-chain transaction volume, total value locked (TVL) or market attention.
Kevin: Do you think this growth investment strategy is more suitable for the cryptocurrency field?
Qiao Wang : Yes, especially in the crypto market, growth does not only mean financial growth, but may also include changes in narrative and increased market attention. Even if a project does not make much money now, if it already has If a project has enough market attention and is likely to receive more attention in the future, then it is a project worth investing in. So where will the money go in the end? It is likely to go to the places that attract the most attention, rather than to the places that are judged to be profitable based on rational analysis. Good place for business.
For example, Lido, there are many protocols that everyone thinks should perform well, but in fact they don’t. The idea is actually very simple, basically people put their money in the places that can arouse their excitement about the future, not necessarily the present. Top performing companies.
The reason I had faith in Solana at its lowest point was because I had tried these products myself. I started using Solana products in 2021, and I used them for about a year before the FTX crash. At that time, these products were still very It's rough, but you know, you can execute transactions in about 100 milliseconds, very smoothly, and the fees are very low. You can feel that the products of the Solana ecosystem are no longer limited by the blockchain.
We often say, why do you own an iPhone but not Apple stock? We always think we are looking for future products and future technologies. The same is true in investing. Ask yourself, "What do I like?" In fact, the answer is Right before your eyes. What I love about DeFi is that you can experience these products for yourself, and I think there are two real magic moments in the entire crypto space. The first is the experience when you send a Bitcoin transaction for the first time. The second one is DeFi, because you are not just sending payments, but you can conduct two-way transactions.
Kevin: How do you deal with market cycles?
Qiao Wang : Most of my portfolio is in Bitcoin, Ethereum, Solana, and Coinbase stock. Occasionally I will do some short-term trading, and by short-term, I mean a period of several months, similar to narrative-driven trading. So I bought certain assets very early, and most people probably know that this is a short-term trade I made.
Kevin: What about in the long run?
Qiao Wang : In the long term, I looked at the top 300 tokens and paid attention to their supply and excess supply in terms of market value. Excess supply is the percentage of tokens that have been unlocked, which is a very important factor. I will also look at these projects. Is there real traction and a user base? Ultimately I think the tokens that meet these criteria are Bitcoin, Ethereum, Solana, and certain stablecoins.
Kevin: How do you allocate between these four assets?
Qiao Wang : I prefer Bitcoin and Solana. I think Ethereum is relatively overvalued. And from the unique data I have, more and more founders and entrepreneurs are choosing Solana instead of Ethereum. . In terms of developer activity, Solana has more potential. Therefore, I have more allocations to Solana than Ethereum. As for Bitcoin, it is a pure PMF - the best value storage tool, uncensorable value Storage tools, no recent project can challenge it.
Kevin: Do you adjust your investment strategy based on market cycles, or do you just stick to your core positions, like the four major tokens, because you don’t think you can outperform the market with a short-term strategy and therefore decide to hold those tokens for the long term?
Qiao Wang : I will try to play the market cycle a little bit, but it is really difficult. I have posted a tweet before about my experience with several cycles. In the first cycle, I held Bitcoin all the way until it fell. In the second cycle, because of the "post-traumatic stress reaction" from the previous one, I sold it when it was about 40%-50% from the high point. That was the cycle in 2017. Three cycles, I sold at about 30% of the high. So each cycle I did a little better, but you can never sell at the top. However, in the last cycle, I sold at almost the bottom. Bought nearby.
So I did get better over time, but it took about 15 years. Even though I try to play the cycle, I don’t sell everything and go all in at the bottom. I might Sell 20% to 30% of your position at the market top, and then double down at the market bottom. The reason for this is that if you make a wrong judgment at the top, the opportunity cost of the loss will be greater.
Kevin: As a cryptocurrency investor, what stages does a typical investor go through?
Qiao Wang : Generally speaking, when you first experience a market cycle, you hold on until the asset value is almost zero. For example, in my first experience, Bitcoin fell by 80%. But I was lucky that I only held There is Bitcoin.
Kevin: It sounds like you made the right choice, at least not going “all in” on other tokens, but focusing on Bitcoin and Ethereum?
Qiao Wang : Yes, in the first cycle I only held Bitcoin because I didn’t know much about other tokens at the time. Later in the second cycle, I started to buy some Altcoin, but even so, I still knew that the real The only ones that were valuable were Bitcoin and Ethereum. So when I decided to sell at the top, I dumped those Altcoin and switched to Ethereum.
Kevin: Some people think that they can outperform Bitcoin and Ethereum by investing in small-cap tokens, but how difficult is that actually?
Qiao Wang : Every cycle is different. The last cycle (2021) was indeed easy to surpass Bitcoin and Ethereum because that was the biggest asset bubble in all markets. In this cycle, the situation is completely different. I think from From here on outperforming Bitcoin, Solana, and Coinbase stock will become very difficult unless similar monetary or fiscal stimulus occurs again.
How to view Altcoin and memes
Kevin: Will the copycat season you mentioned still appear?
Qiao Wang : There have been Altcoin seasons in the past, but this time may be different. There are two conditions for an Altcoin season to occur: 1. There are fewer tokens; 2. A large amount of funds flow into the market. But the current situation is that tokens There are too many, with thousands of tokens being created every day, and not enough money being pumped into the market. Therefore, this cycle may not see a massive Altcoin rally like the previous ones.
Kevin: What do you think of memes? Will they continue to exist in the future?
Qiao Wang : I don’t think memes are just a cyclical phenomenon, I think they will always exist. However, the key to surviving in this market lies in the spread of memes and the existence of leaders. Take WIF as an example, its innovation The “hat” meme can make any other meme or avatar add this element, thus spreading virally. But to survive in the long run, it also needs the support of CEX listing like Binance.
Kevin: Do you still hold WIF?
Qiao Wang : In terms of risk-adjusted returns, I’m not sure if it will surpass Solana. I’m comparing everything to Solana right now. If the total market value of the entire cryptocurrency market continues to rise, WIF may rise along with Solana. Even better. But if the market situation deteriorates, the risk of meme coins will be higher than that of mainstream tokens, so I prefer to maintain a relatively stable investment strategy.
Kevin: As an investor in Alliance, what do you think of Pudgy Penguins?
Qiao Wang : The model of Pudgy Penguins and the NFT community is very unusual. They are not businesses in the traditional sense. They start by building a community, attracting users, and then launching products, such as toys and games. This model is very unconventional, but in It is becoming more common today.
Kevin: Do you have an NFT for Pudgy Penguins?
Qiao Wang : I used to own one, but I sold it later because the price went down. As an investor, I would think about whether these NFTs can surpass Solana.
Kevin: What do you think of NFT as an investment category?
Qiao Wang : The problem is that the non-fungible nature and high entry price of NFTs make it very difficult to attract new capital, and therefore it is difficult to outperform other assets.
Kevin ：So you think that in this case, market liquidity is a key factor, right? There are already many tokens, meme coins, and a large number of NFTs on the market, and people need to choose among these options.
Qiao Wang : Yes, absolutely right.
Kevin: If your goal is to surpass Solana, why do you still hold Ethereum?
Qiao Wang : For me, holding Ethereum is not for financial reasons. I feel some emotional connection with Ethereum. After all, I have been involved in the early development of Ethereum since 2014. I want to completely abandon it. It feels really bad to be involved in a project from the beginning. For me, Ethereum is like an NFT community, full of emotional connections.
Investing in Pump.Fun because of autism?
Kevin: What did you see that others didn’t notice when you decided to invest in Pump.Fun, one of the most successful protocols today (from a revenue and market share perspective)?
Qiao Wang : When the team first joined our accelerator, they were not building Pump.Fun. They were working on other products, but those products did not succeed. In fact, they transformed at least twice before they had Pump.Fun. idea.
So, when investing early, especially in consumer products, it’s almost always a bet on the founder, not the idea, and I see a high level of autistic tendencies in founders. It’s no coincidence that to be a Being a great consumer-facing product founder does require some degree of autistic tendencies.
I think it's a causal relationship, not a simple correlation, these artistically gifted people are able to think independently and often at odds with popular opinion. They are not distracted by the consensus on the internet or the opinions of others. , you can calm down and observe.
Kevin: Do you think you have some autistic traits?
Qiao Wang : I think I might have some.
As an investor, autism has become almost a “must have” for me when selecting founders for consumer-facing products. The founders I look for often have some degree of autistic traits, and preferably also There is some childhood trauma, although they don’t usually tell you that in the first two sessions.
Kevin: So autism plus childhood trauma is the “alpha” factor for success, right?
Qiao Wang : Exactly. To be a successful founder, you need two things: thinking and action. Autism is the source of thinking, and action comes from trauma because you have something to prove.
Kevin: What does Alliance DAO do?
Qiao Wang : We invest in founders who have high autistic traits and may have childhood trauma.
Kevin: Why did you create Alliance DAO?
Qiao Wang : After leaving Messari, I realized that I really enjoyed the entrepreneurial process from 0 to 1, but I didn’t like the expansion phase from 1 to 10. 0 to 1 is about discovering insights into user needs and trying various methods to solve them. I thought, how can I experience this process of going from 0 to 1 50 times in a year? So I decided to create an accelerator.
Kevin: Do you use hackathons to find more founders with autistic traits?
Qiao Wang : Yes, any founder who has created great things in the crypto space, we would like to invite them as judges.
What good founders need
Kevin: As a founder in the crypto space, how can you increase your chances of survival in a bear market?
Qiao Wang : The simplest way is that you don’t have any skills in other industries and can’t switch careers. This is actually a true portrayal of many crypto founders, who don’t understand any other industries. In the last bear market, many founders turned to AI. These people are very smart and can become experts in new fields in a short period of time.
Kevin: As an investor, do you prefer founders who can quickly pivot from one industry to another, or those who focus on crypto?
Qiao Wang : It depends on the specific situation.
Kevin: Another element of success is having a co-founder. How do you find a good co-founder?
Qiao Wang : The most ideal co-founder configuration statistically is two people who have worked closely together in the past, either at work or on a project. The second most ideal configuration is two friends who have never worked together but have a close relationship with each other. Trust each other and know each other’s strengths and weaknesses. The worst matchup is someone you’ve just met, or a stranger you found through an online co-founder matching platform.
Kevin: You mentioned trust as one of the most important factors in a co-founder relationship. What’s the second most important thing?
Qiao Wang : The second most important factor is complementary skills. If two founders have different key skills, this will greatly increase the success rate of the team.
Kevin : One lesson I’ve learned is that in the early stages of a startup, founders often don’t know what game they’re playing because they’re not familiar with the industry. As you get deeper, you start to understand the rules of the game, and then you can define which skills are necessary. of.
Qiao Wang : This is indeed part of the entrepreneurial process, learning through trial and error.
Kevin: You also mentioned integrity. Buffett and Naval have also said that when choosing people to work with you, you should look for those with high intelligence, high energy and high integrity. Why do you think integrity is a must for world-class founders? The most important quality to possess?
Qiao Wang : Integrity is like a multiplier, it is either positive 1 or negative 1. Intelligence and work attitude are absolute values, the higher the better, but if you don’t have integrity, the multiplier becomes negative 1. You can be very smart and work very hard, but without integrity, your end result will be negative. This is why people like SBF fail, he is very smart and works hard, but lacks integrity and ends up destroying himself and those around him .
Kevin: Where do you think this "negative integrity" comes from?
Qiao Wang : People change, especially when you get rich quickly, money will change you.
Kevin: How can we quickly detect whether a person has integrity issues?
Qiao Wang : It’s hard. I’m still trying to design some questions for our accelerator application form to help identify people with low integrity. But to be honest, it’s easy for liars to get away with it. So we usually pass those with lower integrity. Valuation investment opportunities screen out founders who are less speculative and avoid those who are purely opportunists pursuing high valuations.
Kevin: Many people would say that money and fame are not good reasons to start a business. What do you think about this?
Qiao Wang : I have met many successful founders who would not tell you in the early stage that they are doing it for money. But as time goes by, they start to be honest and say that they really want to make money through entrepreneurship. I prefer this kind of honesty. .
Election could spur crypto market fatigue
Kevin: You previously tweeted that the longer Bitcoin prices stagnate, the more fatigue there will be among cryptocurrency developers and investors. What do you think this reflects?
Qiao Wang : What that tweet means is that people feel something whether the price goes up or down. Even if the price goes down, people still feel alive. But when the price stays stagnant for a long time, people feel tired. You can feel it, like when the price was going up at the end of last year, people felt good and energized. Now I talk to the same people and they complain about the crypto industry not contributing much to society, saying they want to quit and so on.
Kevin: So how do you communicate with these people?
Qiao Wang : I told them prices would go up after the December election.
Kevin: Do you believe this?
Qiao Wang : I think the election will indeed cause some volatility. Trump's re-election may be beneficial to cryptocurrencies in both the short and long term. On election night, prices may fluctuate by about 5% depending on the results.
Kevin: If Trump is not elected, will prices fall?
Qiao Wang : Maybe, but even if prices fall, people will still feel the vitality of this market.
Focus is a superpower
Kevin: You once wrote a tweet not related to crypto: “It’s not hard to be good these days because most people are vulnerable.” Can you elaborate on that?
Qiao Wang : I think most people are psychologically and physically fragile. Psychologically, most people lack the ability to think independently. They are always looking for recognition instead of seeking the truth. The rise of social media and smartphones has exacerbated this. Since 2012, there has been a significant increase in cases of ADHD (attention deficit hyperactivity disorder), suicide, depression and anxiety.
Kevin : I am also affected by ADHD, and social media has a significant impact on me. I talked to Nicola Kerry, the founder of Blockchain.com, and he said that he can't concentrate on reading an article now.
Qiao Wang : Being able to focus for long periods of time has become a “superpower.” In the past, most people could focus for at least 45 minutes, but now most people can’t even do that.
Kevin: How do you stay focused?
Qiao Wang : I actively limit the time I spend on TikTok. I don’t use Instagram, Facebook, or Snapchat. The only social media I use is Twitter. But even so, Twitter is very addictive.
Kevin: What do you watch on TikTok?
Qiao Wang : I like watching football, especially videos of Cristiano Ronaldo and Messi. TikTok's algorithm is very smart. After watching a few videos, it can fully understand what you want to watch.
Kevin: You mentioned that people in the crypto space are interested in longevity. Can you elaborate on that?
Qiao Wang : Actually, I meant it a little bit jokingly, but it is true that many people in the crypto field are very interested in "longevity". I think that outside of cryptocurrency, longevity is the area with the highest overlap with the crypto crowd. I see a lot of crypto people interested in nuclear energy, climate change, or space exploration, but almost all of them are interested in health and longevity.
Kevin: But we can also criticize this trend. I have talked to some crypto OGs. Although they talk about "longevity", they don't even go to the gym. After all, "longevity" is not just about living longer. , it should be to live a better life, right?
Qiao Wang : That’s right. The definition of longevity is not only about living longer, but also about healthy life span. In other words, it is not just about increasing the length of life, but also about improving the quality of life.
Kevin : But this is not a coincidence. If there really was a magic pill that you could take and live forever without having to go to the gym, everyone would definitely choose that pill.
Qiao Wang : But we don’t have such medicine yet. The science is very clear. The best “medicine” we have at the moment is to go to the gym and exercise.
Kevin : Yes, my concept of longevity is that first of all, I have to get enough sleep, eat clean and healthy food, and going to the gym is a must.
Qiao Wang : For me, the most important things are: first, sleep; second, going to the gym; then work, and finally eating healthy.
Kevin: So how does work rank on the longevity “checklist”?
Qiao Wang : Work is also important for longevity. Although work can bring some stress and shorten life expectancy, it also has some positive effects, such as giving you the opportunity to communicate with interesting people. Social interaction is one of the key factors in longevity. , so it's a balance. But I can say this because I spent my 20s fully focused on work, and I have no regrets about it.
Kevin: How was your health in your 20s?
Qiao Wang : I was very unhealthy. I don't know if you know that ferritin is a marker of inflammation, and my ferritin level was 1400, while the average male ferritin level is around 200. Even 200 is not the optimal level, The optimal level is between 70 and 100. People with ferritin levels over 1,000 are usually those with cancer or severe inflammation. My body was almost entirely inflammatory, and I even suspected that I had cancer. In my late 20s, Today, my cardiorespiratory fitness is much better than it was in my 20s.
Kevin: Are you doing any pioneering work in the area of health and longevity?
Qiao Wang : I occasionally make some angel investments, but not too much.
Kevin: What beliefs do you have that most people wouldn’t agree with?
Qiao Wang : I do have some ideas, and although most people may not agree with me in public, they may agree with me in private. I think the current political situation is very ridiculous, especially the so-called "modern liberal" in recent years. "Islamists" have a negative impact on society.
Kevin: Can you elaborate on that?
Qiao Wang : I think Harris is a Marxist. The first concrete policy she announced was rent control, which is simply a manifestation of financial illiteracy. I believe many people will agree with my point of view in private, but in public, they may Because of her identity - as a woman and a minority, many people sided with her. This is something I think is harmful to society. Many ideologies of the modern left are more like a religion to me. Faith is ridiculous.
Kevin: The Democrats have put forward someone who is economically ignorant and who could become president. What do you think is wrong in the system that there is no better option?
Qiao Wang : Recently I often hear people say that they are going to vote for Trump because he is "not that bad", but there are actually better options. The problem is that the reason people vote is because he is "not that bad" , which shows that there may be some deeper problems behind the US presidency, one of the most important positions in the world.
Kevin: So what is your biggest prediction for the next 12 months?
Qiao Wang : The price of Bitcoin will rise, and the increase will be significant.
Kevin: How much do you think it will increase?
Qiao Wang : USD 100,000.
Kevin: So where is the peak of Bitcoin in this cycle?
Qiao Wang : I’m not sure, it’s a huge range.
Kevin: So what is your prediction range?
Qiao Wang : Between $100,000 and $420,069, because we may be living in a simulation world, and the end point of the last cycle was $69,420, so if the next time it can reach $420,069, that would be perfect.
