Binance founder Changpeng CZ Zhao has revealed how and why will cryptocurrencies boost the Artificial Intelligence (AI) sector, especially AI transactions. He earlier said that crypto is the currency for AI. Crypto has also been backed for broader utility when it comes to transactions.
Binance Founder Changpeng CZ Zhao on Crypto and AI
Binance Founder Changpeng CZ Zhao published a post on X saying that crypto is a preferred currency for AI. This was soon followed by another post wherein he highlighted that AI transactions would side with cryptocurrencies as AI chooses efficiency over emotions. CZ emphasized that AI transactions will side with cryptocurrencies because they are low-cost, offer fast confirmation, and are decentralized.
Source: CZ, X
That statement was published in response to a query by an X user, Crypto King. He had asked what AI prefers to transact with. Meanwhile, Binance Founder Changpeng CZ Zhao remains confident that the future of crypto is bright under the Trump Administration. He applauded when Donald Trump signed a key executive order to develop a new digital stockpile in the US.
Broader Role of AI in Crypto Transactions
There are underlined roles that Artificial Intelligence is already playing in facilitating crypto transactions. These pertain to supporting automated transactions, analyzing market sentiments for traders, and helping them to understand prevailing trends in the market. Thereby, helping not only professional traders minimize their losses but also helping beginners in getting started on a good note. Needless to say, it is still recommended to do research and risk assessment before any crypto trade is executed.
So, while crypto transactions are already backed by AI, Binance Founder Changpeng CZ Zhao believes that when AI transactions get mainstream then it will help boost cryptocurrencies due to the set of benefits they have.
More Support for Crypto
Coinbase CEO Brian Armstrong is another notable figure to have come out in support of cryptocurrencies. He specifically talked about Bitcoin during a Gold Vs. Bitcoin discussion at Davos, saying that it has broader utility and hence, has an advantage over Gold. Brian Armstrong later took to X to highlight that Bitcoin also had the advantages of being fungible, censorship-resistant, and decentralized.
All those advantages align with what Binance Founder Changpeng CZ Zhao said in an X post in response to Crypto King. Overall, it is expected that the future of cryptocurrencies and AI, combined, is bright now that Donald Trump has reaffirmed his commitment to making the US the crypto capital, and is determined to strengthen companies that are working to advance Artificial intelligence.
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