Qiao Wang holds only Bitcoin and Zcash at a two-to-one ratio

Qiao Wang, co-founder of the accelerator Alliance, said his cryptocurrency portfolio consists entirely of Bitcoin and Zcash in a roughly two-to-one ratio. Speaking in an interview on 26 October, Wang noted that the current balance shifted from a previous five-to-one ratio primarily because the price of Zcash increased. He said he prefers to hold his assets rather than sell them to avoid paying taxes on the gains.

Wang remains bullish on the price of Bitcoin over a three-to-five-year period because central banks continue to print money while the supply of the asset remains fixed. He identified governance as a primary challenge for the network, specifically the question of how to handle the coins held by Satoshi Nakamoto. He views Zcash as a potential hedge against risks to Bitcoin's privacy and its vulnerability to quantum computing.

Alliance, where Wang is a co-founder, is a prominent web3 accelerator that provides capital and mentorship to early-stage cryptocurrency startups. Zcash is a privacy-focused blockchain that uses zero-knowledge proofs to allow users to shield transaction details, a feature that distinguishes it from the transparent nature of the Bitcoin ledger. The shift in Wang's portfolio reflects a growing interest in privacy assets as a complement to larger holdings.