CZ Bets Big on YZi Labs Investments Amid Crypto Winter
CZ, founder of Binance, believes that seven investments made by YZi Labs during the crypto winter will outperform other assets. He credits the timing of these investments, which were made when crypto prices were at their lows.
YZi Labs is a family office that manages CZ's personal wealth and also has ties to Binance co-founder Yi He. The firm invested in various assets, including robotics company RoboForce, digital asset custodian BitGo, prediction market Predict.fun, payments protocol AEON, and fixed-rate lender TermMax.
CZ argued that the money rushing into artificial intelligence (AI) is filtering out short-term crypto teams, but AI money rotating back into digital assets is already underway. He believes that Bitcoin's next leg will decide whether the timing of these investments looks smart.