“We Must Transform the Crypto Sector Into an AI-powered Industry,” Stresses CZ
“Regrettably, this sector existed prior to the advent of AI, so it is imperative that we transform this industry into one that leverages AI,” remarked Changpeng Zhao (CZ), the Binance founder, during the Token2049 event held in Dubai on 30 April 2025. Addressing the prospective impacts of AI, CZ emphasizes that AI will fundamentally enhance the user experience regarding distributed ledger interactions.
CZ mentioned he aims to see AI agents with genuine usefulness instead of inundating the crypto market with ineffective AI agents. He voiced his worries over the rising trend of AI crypto token launchpads that allow users to effortlessly create token-based AI agents. “99.99% of them serve no purpose,” he said.
He clarified that, at present, out of 8 billion individuals globally, AI produces 300 trillion word tokens, representing just 10%. However, he projected that in the future, AI will generate ten times its current output, explained CZ.
“The AI will trade amongst themselves. They will compensate each other,” he articulated.
Before @cz_binance arrival, the venue was overflowing—no available space!
Everyone simply aimed for one selfie
Even the security couldn’t control the crowd.
Many skipped lunch
— Pushpendra Singh (@pushpendrakum) April 30, 2025
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Regulating Everything Locally Is Not The Way To Go
CZ clarified that the dialogue surrounding the integration of crypto and blockchain into national financial systems has progressed significantly, as countries face unique challenges in their efforts to embrace blockchain and digital currency.
As an illustration, CZ pointed out the expectation from some nations to manage everything locally, including local custody digital wallet solutions, regional order books, and local teams, among others. However, such an approach is typically not the most advantageous.
Elaborating further, he stated that establishing local custody solutions for billions of dollars necessitates substantial funding and expertise, which is often insufficient. “For every cold crypto wallet, you require 15 signers,” he noted.
“It’s challenging to find 15 trustworthy signers across various global regions who are private and reliable. They aren’t motivated purely by financial gain; they often have stable jobs, high incomes, and families. Finding a hundred of those 15 individuals is simply not feasible,” he elaborated.
On the topic of local order books, he stressed, “If each nation operates their own order book, available volume will be severely diminished.”
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Europe Seems To Be “Missing On The Map”
Using Bhutan as a prime example, CZ emphasized that countries that embrace holding crypto reserves sooner rather than later will reap the benefits, as the value of digital currency assets like Bitcoin is expected to rise.
He noted that Bhutan has been leveraging its excess clean energy to mine Bitcoins for years as an early adopter and has recently started mining Ethereum. The nation currently possesses Bitcoins, ETH, and Binance Crypto token within their strategic reserves.
“The early adopters are progressing,” he commented, referring to countries implementing a crypto reserve policy. He further noted that as the US, being the world’s largest economy, holds crypto reserves, it compels other nations to follow suit.
He observed that countries with minimal allocations to crypto utilize professional custody solutions and implement secure cold storage as this asset class matures over time.
When questioned about Europe’s position in this context, CZ responded “nowhere.” However, he acknowledged Montenegro as an exception. On a broader scale, he indicated that Europe appears to be “missing on the map.”
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Key Takeaways
- Countries that adopt crypto reserves early gain a strategic national advantage.
- Local regulations concerning cold wallets and order books are impractical.
- AI is projected to create tenfold the word tokens in the future.
The post “We Need To Change Crypto Industry Into AI-enabled Industry,” Insists CZ first appeared on 99Bitcoins.
