YZi Labs' Downturn Bets May Outperform, Says Binance's CZ
Binance founder Changpeng 'CZ' Zhao believes that YZi Labs' investments made during the recent market downturn may outperform in the long run. The firm, which manages over $10 billion in assets, has been investing in various Web3, AI, and biotech ventures.
YZi Labs recently invested in robotics company RoboForce, digital asset custodian BitGo, prediction market platform Predict.fun, AI payments protocol AEON, and fixed-rate lending platform TermMax. While the exact figures for these investments are not publicly disclosed, CZ is optimistic about their potential returns.
CZ's argument is based on the idea that investing during a market downturn can lead to better entry prices for long-term investors. This approach may improve future returns if selected companies survive the downturn and grow. However, private investment performance cannot be measured from token prices alone, and YZi Labs' investments are not publicly traded.
YZi Labs has expanded its focus beyond conventional crypto investments, with a growing exposure to technologies connecting blockchain systems with AI, robotics, and institutional finance. The firm's strategy reflects CZ's stated interest in businesses supplying infrastructure for artificial intelligence.