Binance founder Changpeng Zhao, known as CZ, has joined a growing chorus of tech executives suggesting that Bitcoin (BTC) and other cryptocurrencies could provide financial independence as artificial intelligence transforms the global labor market.
What Happened: CZ Promotes Crypto Retirement
"AI will make you jobless," CZ wrote on social media platform X. "Crypto will make you not need a job."
The former exchange chief urged followers to buy and hold digital assets now, suggesting retirement could come "in a few years." He tagged the post as not financial advice.
CZ's remarks follow similar statements from other technology leaders at the World Economic Forum in Davos.
Elon Musk told attendees the world is heading toward a future with more robots than humans, predicting AI-powered humanoid machines would create an era of "material abundance."
Coinbase chief executive Brian Armstrong maintained his prediction that Bitcoin could reach $1 million by 2030. He cited the cryptocurrency's fixed supply of 21 million coins and growing global demand.
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Why It Matters: Tech Consensus Emerging
The convergence of these statements from influential tech figures signals growing industry alignment on how AI and cryptocurrency might reshape economic structures.
Armstrong urged investors to ignore weekly price swings and focus on long-term trends, even as markets faced short-term volatility with prices hovering around $89,000. The broader crypto market shed $160 billion in a single day during recent turbulence.
Musk predicted humanoid robots would eventually "saturate human needs" to the point where people may struggle to assign them additional tasks.
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