Changpeng Zhao, widely known as CZ, said in the Talking Tokens podcast that many people still view crypto assets mainly as speculative trades and focus on when to exit. He argued that crypto and blockchain should be understood first as foundational technology rather than through short-term price moves alone. CZ placed blockchain alongside the internet and artificial intelligence as one of the three foundational technologies he has experienced.
He also said crypto industry penetration is still below 1% when measured by wealth, which in his view leaves substantial room for future growth. On the structure of finance, CZ said the distinction between traditional finance and crypto finance should fade over time. He pointed to stock tokenization and the adoption of blockchain by banks and financial institutions as signs that the two systems are already converging. In the end, he said, there will be only one financial system.
BlockBeats reported on July 17 that CZ said in the Talking Tokens podcast that many people still see crypto assets as speculative investments and focus on when to exit. He said crypto and blockchain are, at their core, foundational technology and should not be understood only through the lens of short-term price action.
CZ grouped blockchain with the internet and artificial intelligence, calling them the three foundational technologies he has experienced. He added that the crypto industry’s penetration rate is still below 1% when measured by wealth, which he said leaves significant room for future growth.
On the direction of financial markets, CZ said the distinction between traditional finance and crypto finance should not continue in the future. He said stock tokenization, along with blockchain adoption by banks and financial institutions, already shows the two are converging and will eventually become one financial system.
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