In a wide-ranging interview with Galaxy, Binance founder CZ shared his outlook on crypto market cycles, leverage risks, the convergence of traditional finance and crypto, and his personal investment philosophy. CZ revealed that his family office Yzi Labs allocates 70% to crypto, 20% to AI, and 10% to biotech, having invested in an artificial womb startup and a knee cartilage regeneration technology. He also discussed the future of L2 vs L1, Hyperliquid's innovation, prediction markets, and the interplay between AI and crypto, emphasizing that crypto poses no existential threat while AI demands careful regulation.

币安创始人赵长鹏（CZ）在 Galaxy 访谈中分享了对加密市场周期的判断，认为当前回撤 50% 属正常，比特币 6 万美元已成新支撑位。他主张加密与 TradFi 必然融合，去中心化与中心化将长期共存。CZ 透露 Yzi Labs 的投资组合原则：70% 加密、20% AI、10% 生物技术，已投资人造子宫（机器孕育）和膝盖软骨再生等前沿项目。他还认为 AI 是加密未来的关键催化剂，区块链的 API 驱动特性更适合 AI 代理，但 AI 若失控可能威胁文明。

In a recent interview with Galaxy, Binance founder CZ shared his comprehensive views on the current crypto market cycle, noting a ~50% price correction but a rising bottom, with industry leverage under control. He emphasized that crypto and traditional finance are converging into a single fintech sector, with centralization and decentralization coexisting long-term. CZ also revealed Yzi's investment allocation: 70% crypto, 20% AI, 10% biotech, including early-stage projects like artificial womb and knee cartilage regeneration. On AI, he highlighted the superior accuracy of US large models but acknowledged Chinese models' progress, while warning that AI poses civilization-level risks unlike crypto. He concluded that while hot money flows to AI, it will ultimately flow through blockchain.

CZ在Galaxy访谈中分享对当前加密市场周期的看法，认为四年周期底部不断抬升，比特币16000美元是历史低点，60000美元是支撑位。他强调传统金融与加密融合是必然趋势，中心化与去中心化将共存。CZ透露Yzi Labs投资指导原则：70%加密货币、20%人工智能、10%生物技术，已投资“人造子宫”和“膝盖再生”等项目。他还对Hyperliquid、预测市场、BNB链升级、L2与L1竞争、AI监管等话题发表了观点，认为加密行业不会消亡，AI将推动区块链采用。

In an exclusive interview with Galaxy, Binance founder Changpeng Zhao (CZ) shared his outlook on the current market cycle, the convergence of traditional finance and crypto, Hyperliquid's innovation, prediction markets, BNB Chain upgrades, and Yzi Labs' investment strategy. CZ noted that the current 50% price retracement is a normal cycle, with each cycle's bottom higher than the last. He sees institutional adoption (BlackRock, BNB ETF) and sovereign support as positive signs, and believes leverage is better controlled this time. On convergence, CZ argues crypto is just a new tech tool; centralization and decentralization will coexist. He praised Hyperliquid for creating a niche Binance cannot compete in (no KYC, smart contract control). Prediction markets like Polymarket are welcomed for price discovery. For Yzi Labs, the allocation is 70% crypto, 20% AI, 10% biotech—with investments in an artificial womb company (tested in rats, human use in 5–10 years) and a knee cartilage regeneration project using 3D-printed scaffolds (now in human trials). CZ warned AI could destroy civilization if mishandled, but crypto will not die; the future financial system will be built on blockchain, AI, and internet collaboration.

In a recent Galaxy interview, Binance founder CZ shared his views on the crypto market cycle, leverage risks, convergence of traditional finance and crypto, decentralization, and the investment portfolio of Yzi Labs. He predicted that Bitcoin's bottom is continuously rising, with $60,000 becoming a key support level. CZ outlined his personal allocation: 70% crypto, 20% AI, and 10% biotech, revealing investments in artificial womb technology and knee cartilage regeneration. He believes AI poses greater existential risks than crypto, but crypto will eventually underpin all financial flows.

In a comprehensive interview with Galaxy, Binance founder CZ shares his views on the current crypto market: Bitcoin's 50% drawdown is normal but bottoms are rising, with $60,000 as a key support. He predicts inevitable convergence of crypto and traditional finance, coexistence of centralization and decentralization. His investment portfolio is allocated 70% crypto, 20% AI, 10% biotech, including an artificial womb startup (tested on mice) and a knee cartilage regeneration project (human clinical trials). He praises Hyperliquid and prediction markets (Polymarket), discusses L1 vs L2 dynamics, and emphasizes AI's future role in driving crypto adoption while warning about AI risks to civilization.

In a Galaxy interview, Binance founder CZ shared his views on crypto market cycles, noting the current 50% pullback is milder than previous 80% drawdowns, and each cycle starts from a higher base. He predicts deep integration between crypto and traditional finance, with better leverage control industry-wide. CZ revealed Yzi Labs' investment allocation: 70% crypto, 20% AI, 10% biotech, including an artificial womb company and a knee cartilage regeneration project. He praised Hyperliquid's innovation and highlighted prediction markets like Polymarket. CZ also warned of AI's existential risks while emphasizing crypto's relative safety and potential to reshape global finance.