Binance founder Changpeng Zhao, known as CZ, shared August 1 that despite the ongoing bear market, liquidity is abundant, searching for investment opportunities. He did not specify where the money might flow but noted that it’s far from drying up.
Bitcoin’s price remains stubbornly below its October peak, trading near $63,037 and down 45% over the past year an indicator of why crypto hasn’t attracted this capital rush.
Chamath’s Take: Invest in Infrastructure, Not AI Hardware
Meanwhile, Chamath Palihapitiya, the venture capitalist behind Social Capital, sharply contrasts with those chasing AI chip stocks. He’s focusing on acquiring land paired with power access and empty buildings to house computing equipment. He calls this the “LPS” strategy land, power, shell highlighting it as the fastest way to generate cash returns.
Palihapitiya’s stance is shaped by the mounting hurdles data centers face. In early 2026, at least 75 data center projects in the US, worth around $130 billion, were blocked or delayed. Opposition groups have grown in number and influence, present in 49 states, pushing politicians to file over 300 related bills in just six weeks. Maine nearly banned such centers outright but fell short by one House vote.
As Palihapitiya explained, he co-founded Groq in 2016, a chip firm that later licensed technology non-exclusively to Nvidia, with the deal valued around $20 billion. Despite this partnership, he stepped away from the chip business, turning his sights to tangible infrastructure assets as the clearest route to returns.
The crypto market’s recent outlook remains subdued, unlike other sectors where money chases emerging tech, as seen in major swings. For those tracking the space, the dichotomy between where capital flows now and where veterans like Palihapitiya place their bets offers a snapshot of evolving investment priorities.
This content is for informational purposes only and is not financial advice.
