AllianceDAO co-founder Wang Qiao recently discussed his investment strategy on a podcast. Frankly, he is not very enthusiastic about most cryptocurrencies on the market — in other words, he doesn't find them appealing. His crypto asset allocation is actually quite concentrated: Bitcoin is the main holding, with other tokens serving as supplements, and very few in number.

Interestingly, his overall asset allocation approach is quite straightforward. Stocks and Bitcoin each make up half of his portfolio, a 50/50 structure. Regarding specific stock investments, Google is his largest single bet, and he also holds some shares of Tencent. This allocation logic is quite representative — while maintaining a conservative stance on crypto assets, he balances it with large-cap traditional financial stocks.