Latest Holdings of AllianceDAO and FOMO Founders: 70% in US Stocks, Only BTC and Zcash in Crypto

Original Title: Is The Bottom In? What The Lads Are Buying!
Original Source: Steady Lads Podcast
Compiled by: Shenchao TechFlow

Disclosure: All guests in this episode have significant financial ties to the subjects discussed. Qiao Wang's organization holds a large number of early Web3 projects, and he personally has a significant position in US stocks, BTC, and Zcash; Tiki holds the S&P 500, government bonds, and a large number of Pokémon physical cards; Justin holds Zcash and Lit airdrops; Jordy holds BTC and Hyperliquid (Hype); Dimma holds Near and Grass; the data shared by FOMO co-founders strongly emphasizes customer acquisition and product promotion. The content of this episode faithfully presents the guests' actual holdings and logic, 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's resurgence above the $80,000 mark. Unlike previous discussions that merely speculated on market trends, the highlight of this episode is that several veteran insiders directly revealed their current real portfolios. The results are surprising: in this circle, often associated with myths of sudden wealth, the real smart money is retreating to traditional financial assets or pouring funds into a few highly certain targets, while the vast majority of altcoins have been completely abandoned.

Key Takeaways

· Real Holdings of 5 Big Shots Exposed: 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, with crypto assets limited to BTC and Zcash; Tiki employs an extreme barbell strategy, holding the S&P 500, government bonds, and Pokémon physical cards worth about $3 million, clearly stating a bearish outlook on almost all other tokens; Jordy has a core position in BTC, retaining some Hyperliquid but admitting its valuation is too high; Justin bottomed out on spot Zcash and retains early Lit airdrops; Dimma holds Near, Grass, and other AI concept coins.

· Ten-Year Bottom Consensus on Zcash: Zcash has become a key holding for both Qiao Wang and Justin. The core logic is that its decade-long consolidation has thoroughly cleared the selling pressure from early investors. Graphically, it has formed a massive bottoming pattern spanning ten years. Compared to chasing BTC at its highs, Zcash offers an excellent risk-reward buying opportunity with the same supply but a much lower price.

· Truth About the Liquidity Drain of Marginal Tokens: With very few top assets, most tokens have been blacklisted by the guests. In stark contrast, data shared by FOMO co-founders shows that about 40,000 non-crypto native users flood into mobile platforms daily to trade Meme coins. Retail money is being consumed through this low-threshold “social game,” while traditional classic tokens have fallen out of favor.

· Discrepancies in Macro Bottom Judgments: Regarding the recent massive fluctuations in Bitcoin, Jordy believes that with the narrative of dollar depreciation, the correlation between gold and Bitcoin has reached an all-time high, and funds are rapidly returning. Justin, however, strictly adheres to the four-year cycle theory, believing it is too early to call a bottom at this stage; in a situation where the risk-reward ratio is insufficient, chasing Bitcoin is less favorable than investing in AI tech stocks in the US.

Highlights of Opinions

On Real Holdings and Defense “About 70% to 80% of my funds are in US stocks, and I only hold Bitcoin and Zcash in crypto. In this high-risk industry where prices can drop 50% for no reason in a single day, you must remain rational.” (Qiao Wang) “My strategy is a standard barbell strategy: one side is the S&P 500 and government bonds, the other side is my $3 million worth of Pokémon cards. I am extremely bearish on most tokens.” (Tiki)

On Zcash's Ten-Year Bottom “The logic of Zcash hasn’t changed in ten years; the most important thing is that early investors have sold out long ago, and miner rewards have significantly decreased. Now, buying pressure finally exceeds selling pressure.” “Look at its long-term chart; it contains three arc bottoms nested into a giant bottoming formation that spans ten years. This is the most perfect chart structure you can find.”

On the Nature of Mobile Trading “Traditional elimination-style mobile games can earn a billion dollars a year. Mobile token trading is essentially a lower-threshold social game with real monetary incentives.” “Users don’t care which chain is underlying. Yesterday, out of 110,000 daily active users, 90,000 traded assets on the Robinhood chain, 100,000 on Solana, and the user experience is completely seamless.”

I. Real Holdings of 5 Big Shots: What Else Are They Buying Besides Bitcoin?

In the latter half of the program, the guests played a game called “Reveal Your Portfolio,” where these veterans of the crypto market revealed their current real liquidity holdings. This data brutally proves one point: smart money is no longer searching for treasures in the trash heap.

Qiao Wang (Founding Partner of Alliance DAO): His organization has broadly invested in many emerging Web3 projects, but his personal liquidity asset allocation is extremely conservative. He locks 70% to 80% of his position in US stocks. Among the remaining crypto assets, he has completely abandoned a variety of small-cap coins, leaving only Bitcoin and Zcash. In terms of risk-adjusted investment amounts, the money he spends on Zcash is even comparable to his US stock holdings.

Tiki: He executes the most extreme “barbell strategy” (one end extremely stable, the other end extremely high-risk). His stable end consists of the S&P 500 ETF and US government bonds; the high-risk end is Pokémon physical cards worth about $3 million. When pressed by other guests, he bluntly stated: “Unless it’s a project I participated in early, I am extremely bearish on all tokens currently on the market.”

Jordy: His absolute core position is Bitcoin, and he has accumulated a large quantity. In terms of altcoins, he retains some Hyperliquid (Hype) positions but very clearly points out that Hype’s current P/E ratio is excessively inflated, and the current price support relies more on retail sentiment buying, which is unsustainable in the long run; thus, he has been taking profits on the highs.

Justin: He conducted tax-loss harvesting at the absolute bottom of the market (around $1) and subsequently bought a large amount of spot Zcash. Additionally, he still retains early Lit airdrops, currently holding about 80% of the initial allocation.

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

II. Why Zcash? Ten-Year Giant Bottom and Expectations for “AI Currency”

Among the holdings of several big shots, Zcash has become the most frequently mentioned and heavily invested item. Qiao Wang provided a complete buying logic.

Fundamentally, Zcash’s core functions of privacy and quantum resistance have undergone nearly ten years of market testing. In terms of chip structure, nearly eight to nine years of consolidation have allowed early institutional investors and teams to distribute their chips completely. With the advancement of the halving cycle, miner selling pressure has also significantly decreased. Now, the newly added buying power in the market has finally begun to overwhelm the historical selling pressure. Just a few days ago, even when a whale cross-chain sold $50 million worth of ZEC, the market still held steady, and the price did not experience a significant collapse.

From a trading technical perspective, Qiao pointed out that Zcash has formed an extremely rare long-term structure: several smaller arc bottoms continuously nested, ultimately converging into a giant bottoming formation spanning ten years.

Even more imaginative is the valuation comparison. Bitcoin has become increasingly difficult to provide ordinary newcomers with a hundredfold return, but Zcash has the same total supply as Bitcoin, yet its current price is only about one-hundredth of Bitcoin. Podcast guests speculate that after Bitcoin occupies the “digital gold” ecological niche, the market is in dire need of a native “privacy AI currency” to absorb new capital overflow, and Zcash is quietly occupying this ecological niche.

III. The Real Flow of Outside Funds: 40,000 Newbies Entering Mobile Games Daily

While insiders are still gazing longingly at various classic marginal tokens, FOMO trading app co-founder Se brought a set of data that delivers a dimensional blow: they currently acquire about 40,000 real new users daily from the app store, the vast majority of whom are non-crypto native pure outsiders.

Their core customer acquisition strategy is UGC (User Generated Content) marketing, spending $100,000 to $150,000 monthly to sponsor social media creators, successfully breaking through the information barriers of ordinary people by showcasing real trading records and material lives.

In terms of product design, FOMO completely abandons the complex concept of “public chains.” Among yesterday’s 110,000 daily active users, 90,000 traded assets on the Robinhood chain, 100,000 participated in Solana, and 60,000 participated in Base. Users do not need to switch wallets or cross chains; all assets are traded seamlessly within the same interface. Additionally, FOMO only charges a 0.5% fee, far lower than Coinbase’s 2.5% rate for retail.

Se’s conclusion is incisive: these token trades on mobile are essentially a social game with real monetary incentives. Traditional elimination games can earn a billion dollars a year, and the crypto circle has packaged financial speculation into mobile games, creating a business loop that is far larger and more addictive than traditional games.

IV. Macro Debate: In the Context of Rate Cut Expectations, Should We Chase Bitcoin or Embrace US Stocks?

Regarding the recent massive fluctuations in Bitcoin, the guests provided starkly different expectations.

Jordy believes that with the Fed's shift in expectations and clear signals of dollar depreciation at the macro level, the market can find no better safe-haven assets than gold and Bitcoin. Bloomberg data shows that the correlation between gold and Bitcoin has reached an all-time high, and traditional institutions are buying both simultaneously.

Justin, however, is relatively cautious. He strictly follows the four-year cycle theory and believes it is too early to confirm a bottom at this stage. He calculated: if Bitcoin bottoms at $60,000, buying at the current price leaves less than double the upside potential compared to the previous cycle's projected top of $125,000. In a situation where the risk-reward ratio is insufficient, he prefers to invest that portion of funds in AI tech stocks in the US.

Whether the market goes left or right, the consensus reached by these veterans is very consistent: put money in the most liquid top traditional assets or concentrate it on a very few targets with solid logic, completely abandoning those marginal assets that lack real blood-generating capabilities.

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