Alliance DAO Co-founder: The Top of the 4-Year Crypto Cycle Is Emerging, US Stock Market AI Bubble Will Dominate Price Movements

Jinse Finance reported that QwQiao, co-founder of Alliance DAO, recently stated in a post that although macro factors such as the Federal Reserve's quantitative easing (QE), the rebuilding of the U.S. Treasury General Account (TGA), and interest rate cuts all point to a market rally, intuitively it feels like everything is over. QwQiao described crypto as a self-fulfilling asset class, emphasizing the inevitability of the four-year cycle prophecy, which leaves the market at a crossroads of frustration. As a long-term optimist, he has felt uneasy about the crypto market since mid-September and has observed that most smart traders and long-term investors have turned bearish. Turning to U.S. stocks, QwQiao sees artificial intelligence (AI) as the only factor dominating the cycle, far surpassing liquidity indicators and technical signals. He warns that if the AI bubble bursts, the entire market will collapse; conversely, if AI-related stocks continue to rise, bears will be completely wrong. He compares NVIDIA (NVDA) to bitcoin in crypto, noting that when AI stocks (especially NVIDIA) rise, capital flows out of crypto and other assets, causing crypto to fall, and vice versa, forming a binary pattern of AI stocks vs. everything else.In specific sectors, QwQiao is optimistic about the growth momentum of stablecoin startups, believing their speed far exceeds that of AI startups, mainly because competition in the stablecoin market is scarce, while more than 50 players are already crowding the AI vertical. This year, his returns from U.S. stock investments have significantly outperformed crypto, and he has avoided high-growth but inefficient AI stocks, instead favoring quality companies at reasonable prices.