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.
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.
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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Artificial intelligence has become the office's newest power tool. But when every employee starts reaching for it, someone eventually has to pay the bill.
Venture capitalist and Social Capital founder Chamath Palihapitiya believes many companies are about to discover just how expensive that bill has become. Speaking to CNBC on July 14, he said executives may have far less visibility into AI spending than they think, thanks to a growing trend known as "tokenmaxxing"—the heavy use of AI models across an organization.
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