CZ Calls Crypto an Internet and AI-Level Fundamental Technology
Former Binance CEO CZ stated in the Talking Tokens podcast that many still view crypto assets as short-term speculative tools and focus on exit timing, but the essence of blockchain is as a fundamental technology that should be viewed beyond price fluctuations.
CZ ranks blockchain alongside the internet and AI as three fundamental technologies, noting that the current crypto penetration rate is still below 1% based on wealth scale, indicating significant growth potential in the future.
The boundaries between traditional finance and crypto finance will disappear, as stock tokenization and the adoption of blockchain by banking institutions demonstrate the integration of the two, ultimately forming a unified financial system.
Source: Public Information
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CZ promoted global crypto adoption during his time at Binance, and his views in this podcast continue his long-term perspective, similar to his repeated emphasis on the infrastructure attributes of blockchain from 2017 to 2021.
Based on historical technology wave experiences, CZ assesses the crypto penetration rate, aiming to guide the industry from a speculative cycle to long-term building, while echoing the trend of traditional institutions entering the space to expand the overall market size.
Similar to how the internet evolved from the 90s bubble to infrastructure integration, and how AI is currently transitioning from concept to enterprise implementation, crypto is in the early stages of deep integration with traditional finance and blockchain.
This essentially represents a restructuring of the industry chain: blockchain technology penetrating the traditional financial system, achieving stock tokenization and a unified financial architecture, with capital and institutions shifting from separate tracks to a converged platform, and pricing power transferring to long-term players who control the underlying infrastructure.
ABAB News · Law of Cognition
- Fundamental technologies are always seen as speculative in their early stages, but mature to reshape the entire system.
- A penetration rate below 1% represents the largest growth window, with integration rather than replacement determining the final scale.
- Technology knows no borders; finance will eventually unify, with short-term price noise obscuring long-term structural changes.