Empire

Timing Cycle Tops, AI Narrative Trade, and Bitcoin's Nation-State Adoption | Qiao Wang

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Dec 6, 2024
Qiao Wang, a crypto market cycle expert, shares intriguing insights on the current psychology of crypto investors and the significance of the meme era. He discusses the secretive Bitcoin accumulation by BRICS nations in anticipation of U.S. policy shifts. Qiao predicts a potential market peak in March 2024 and delves into the narrative surrounding AI in crypto. He highlights Hyperliquid's innovative token launch strategies and explores the evolving dynamics of blockchain trading, setting the stage for future trends in the industry.
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INSIGHT

Bitcoin at $100k

  • Bitcoin reaching $100k felt anticlimactic due to widespread expectation.
  • This suggests future milestones, like $1 million, will also feel less impactful as they become integrated into mental models.
ANECDOTE

Twitter as a Journal

  • Qiao Wang prioritizes authenticity on Twitter, treating it like a journal.
  • He tweets whatever comes to mind, often between meetings, without overthinking.
INSIGHT

Solana and ETH

  • Solana's price, relative to ETH, is surprisingly low given its performance on objective metrics.
  • ETH ETF inflows, exceeding BTC inflows relative to market cap, suggest unexpected institutional interest in ETH.
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