Changpeng “CZ” Zhao presented his vision for the future of cryptocurrency, linking digital assets with artificial intelligence while emphasizing policy changes, educational projects, and global consulting roles. At the 'Fireside Chat' event at WebX in Tokyo, CZ described significant changes in the US cryptocurrency policy.
CZ Praises Trump's Policy Changes
He noted that President Donald Trump publicly supported digital assets in July 2024, in stark contrast to the confrontational stance of the previous administration.
"In the previous administration, I felt like I was in prison due to strict regulations," CZ said. He praised the progress made under Trump, mentioning three bills that have been passed, including the stablecoin legislation and the Talent Act, while opposing the issuance of central bank digital currency (CBDC). According to CZ, the administration recognized the disruptive nature of cryptocurrency but saw embracing innovation as more commendable than lagging behind globally.
Regarding the boom of artificial intelligence, CZ predicts that cryptocurrency will become the natural medium of exchange for AI. "AI will not use traditional currencies like the US dollar or Japanese yen. It will not depend on banks or credit cards," he said.
He argues that banking is designed for humans, while blockchain provides programming interfaces that can communicate directly with AI agents. Looking to the future, CZ imagines that hundreds or thousands of AI agents will operate for each user, multiplying economic activity by 100 or 1,000 times. He suggests that many of those transactions will take place in the form of microtransactions on the blockchain network.
Education, Policy Consultation, and Startup Guidance
Since leaving Binance, CZ has focused on education through his Giggle Academy project, which currently serves about 50,000 children. He estimates that fully digitizing 18 years of education could cost around $300 million, much less than the US government's annual education budget of $110 billion.
CZ also revealed that he has advised at least 12 governments and world leaders, both formally and informally, on regulations, stablecoins, CBDCs, and broader cryptocurrency adoption. He praised the leaders of the United Arab Emirates for embracing innovation while adding that small countries with strong governance often grow the fastest.
For entrepreneurs, CZ emphasizes the importance of ethical practices and developing long-term products over short-term profits. He encourages founders to create products that deliver real value and connect passion with market needs.
Looking to the future, CZ stated that he intends to advise and train new founders, while his investment company, EZ Labs, will support early-stage projects, providing not only capital but also strategic support.
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