"We Haven't Seen Anything Yet, So Hold Your Long-Term Bag:" Qiao Wang
In this week’s podcast episode, we speak with long-time crypto investor Qiao Wang. Wang is a partner at the DeFi Alliance and former head of product at Messari. Unlike many Bitcoiners who get into crypto because of their ideological views, or Ethereans attracted by the possibility of building decentralized apps, Wang had been a quant trader for 10 years when he first learned about Bitcoin, and it was the asset’s volatility and potential upside what drew him in. Years later, he’s still actively trading.
We talk about his portfolio and which coins look the most promising. Among his current big bets are Sushiswap and Terra —but not for the same reasons. As much as he loves DeFi, he believes there’s a bigger opportunity in centralized exchange coins, at least in the short term.
He looks at all sorts of metrics to come to his trading conclusions. In the end though, he says, the market is purely driven by memes and Twitter influencers. But that’s not unique to crypto. He believes traditional metrics like P/E are also memes and that equity investors use whatever they can to justify valuations.
About the current bull market, Wang says he’s 90% confident prices will go a lot higher. And while he doesn’t like to give price estimates, he still told me what he thinks the top for BTC and ETH will be for this cycle.
Follow The Defiant
http://thedefiant.substack.com
https://twitter.com/DefiantNews
Follow Camila Russo
Camila Russo on Twitter: https://twitter.com/camirusso
Camila's website: https://www.camirusso.com/
Purchase Infinite Machine at Amazon: https://tinyurl.com/yxd74f54
Edit by Alp Gasimov
https://twitter.com/alpgasimov
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
-
1:57:30
Donald J. Trump
21 hours agoLIVE: President Donald Trump & VP Nominee, Senator JD Vance in Grand Rapids, Michigan
603K815 -
LIVE
Right Side Broadcasting Network
4 days agoLIVE REPLAY: President Trump and JD Vance Hold Major Rally in Grand Rapids, Michigan - 7/20/24
6,391 watching -
2:42:08
vivafrei
21 hours agoThe Trump "Bullet Shot" Controversy! Live with Veteran, Combat Photographer Michael Yon - Viva Frei
190K294 -
2:23:13
Jewels Jones Live ®
1 day agoTHE CHOICE 2024 | A Political Rendezvous - Ep. 84
142K36 -
14:57
Standpoint with Gabe Groisman
3 days agoEp. 37. Failed Assassination was a Revealed Miracle
159K51 -
13:43
Scammer Payback
4 days agoDeleting this Scammer Scumbags personal photos
168K67 -
42:39
The Why Files
6 days agoWe Are the Aliens | Life's Interstellar Journey to Earth: Panspermia
200K117 -
1:24:34
Michael Franzese
1 day agoTrump speech, assassination attempt updates, and foreign threats | MF LIVE | Ep. 12
174K153 -
1:53:06
Tactical Advisor
22 hours agoBattleHawk Build Of The Month and Giveaway - Vault Room Live Stream
156K40 -
19:55
My Self Reliance
1 day agoNow What?!
149K32