{"id":24899,"date":"2025-05-02T13:32:15","date_gmt":"2025-05-02T13:32:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24899"},"modified":"2025-05-02T13:32:15","modified_gmt":"2025-05-02T13:32:15","slug":"we-need-to-change-crypto-industry-into-ai-enabled-industry-insists-cz","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24899","title":{"rendered":"\u201cWe Need To Change Crypto Industry Into AI-enabled Industry,\u201d Insists CZ"},"content":{"rendered":"<div>\n<p>\u201cUnfortunately, this industry happened before AI, so we need to change this industry into an AI-enabled industry,\u201d said Changpeng Zhao (CZ), the founder of Binance, at the Token2049 <a href=\"https:\/\/www.dubai.token2049.com\/agenda\" target=\"_blank\" rel=\"nofollow\">event<\/a> in Dubai on 30 April 2025. Speaking on the future implications of AI, CZ iterates that AI will completely revamp the user experience when it comes to interaction with the blockchain.<\/p>\n<p>CZ said he would like to see AI agents with real utility rather than flooding the market with useless AI agents. He expressed concerns about the growing trend of AI token launchpads, which enable users to create token-backed AI agents with a single click. \u201c99.99% of them are useless,\u201d he said.<\/p>\n<p>He explained that currently, of 8 billion people in the world, AI generates 300 trillion-word tokens, which is still only 10%. In the future, however, AI will generate 10 times more of what it is currently generating, explained CZ.<\/p>\n<p>\u201cThe AI will be trading with each other. They will be paying each other,\u201d he stated.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Before <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@cz_binance<\/a> arrival, the house is packed\u2014no space left! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f604.png\" alt=\"\ud83d\ude04\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Everyone just wanted one selfie <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f933.png\" alt=\"\ud83e\udd33\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">. <\/p>\n<p>Even the security couldn\u2019t manage the crowd. <\/p>\n<p>Many have skipped lunch <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f96a.png\" alt=\"\ud83e\udd6a\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f600.png\" alt=\"\ud83d\ude00\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/AiOcFITVPw\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/AiOcFITVPw<\/a><\/p>\n<p>\u2014 Pushpendra Singh (@pushpendrakum) <a href=\"https:\/\/twitter.com\/pushpendrakum\/status\/1917518736749170815?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" rel=\"\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/p>\n<h2><strong>Regulating Everything Locally Is Not The Way To Go<\/strong><\/h2>\n<p>CZ explained that the discussion surrounding countries adopting crypto and blockchain into their financial landscape is now more advanced than it was before, as they encounter distinct challenges in their pursuit of blockchain and cryptocurrency adoption.<\/p>\n<p>An example CZ cited was the expectations of some countries to regulate everything locally, in terms of local custody wallet solutions, local order book, local teams, etc. However, that is not usually the best route to take.<\/p>\n<p>Further elaborating, he said, setting up local custody solutions for billions of dollars requires a lot of funding and expertise, which is currently lacking. \u201cFor each cold wallet, you need 15 signers,\u201d he stated.<\/p>\n<p>\u201cYou can\u2019t find 15 signers that are not public, that are extremely trustworthy in different parts of the world, in different geographies. They\u2019re not incentivised by more money. They have a steady job, they\u2019re high-income, they have a nice family. You just can\u2019t find a hundred times more of those 15 people,\u201d he explained.<\/p>\n<p>Regarding local order books he emphasized, \u201cIf you divide each country with their own order book, liquidity is going to suck.\u201d<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" rel=\"\">Best New Cryptocurrencies to Invest in 2025<\/a><\/p>\n<h2>Europe Seems To Be \u201cMissing On The Map\u201d<\/h2>\n<p>Highlighting Bhutan as a standout example, CZ iterated that the countries that get into holding crypto reserves sooner rather than later will be better off since the price of crypto assets such as Bitcoin will only go up.<\/p>\n<p>Bhutan, he stated, has been mining Bitcoins with its surplus clean energy for years as an early crypto adopter and has recently ventured into mining Ethereum as well. The country currently holds Bitcoins, Ethereum and Binance Coin in their strategic reserves.<\/p>\n<p>\u201cThe early adopters are moving forward,\u201d he said, talking about countries adopting a crypto reserve doctrine. He reiterates that since the US, as the world\u2019s largest economy, holds crypto reserves, it forces other economies to get on board with the program as well.<\/p>\n<p>According to him, countries with smaller allocations towards crypto use professional custody solutions and adopt secure cold storage as their investment as this asset class scales over time.<\/p>\n<p>When asked where he sees Europe in this equation, CZ replied \u201cnowhere\u201d. Although he said that Montenegro is an outlier. On the macro scale, however, Europe seems to be \u201cmissing on the map.\u201d<\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" rel=\"\">9+ Best High-Risk, High\u2013Reward Crypto to Buy in April 2025<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Early adopters of crypto reserves have a strategic national advantage    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Local regulation of cold wallets, order books, etc., is not feasible    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        AI will generate 10 times more word tokens in the future    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/we-need-to-change-crypto-industry-into-ai-enabled-industry-insists-cz\/\">\u201cWe Need To Change Crypto Industry Into AI-enabled Industry,\u201d Insists CZ<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cUnfortunately, this industry happened before AI, so we need to change this industry into an AI-enabled industry,\u201d said Changpeng Zhao (CZ), the founder of Binance, at the Token2049 event in Dubai on 30 April 2025. Speaking on the future implications of AI, CZ iterates that AI will completely revamp the user experience when it comes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24899","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24899"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24899\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}