CZ Says Bear Market Money is Hunting, Social Capital Founder Says Skip AI Chips

Binance founder Changpeng Zhao (CZ) says this bear market has no shortage of money. Plenty of it is hunting for somewhere to go.

Elsewhere, Social Capital founder Chamath Palihapitiya said where he thinks it should land. Not in artificial intelligence (AI) chips.

The Bear Market Has Money. It Is Not Buying Crypto

CZ did not say where the money should go, but acknowledged that there was a lot of liquidity floating despite the bear market.

The numbers show why it is not going into crypto. Bitcoin (BTC) trades near $63,037. It is down 45% in a year. That is almost exactly half its October 6 record.

Chamath Is Buying Land, Not Chips

Meanwhile, the Social Capital founder Chamath Palihapitiya, a venture capitalist, entrepreneur, and investor, buys three things at once. Land, a power connection, and an empty building to hold the computers.

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