Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao said that Wall Street should worry more about artificial intelligence than cryptocurrency after shares of International Business Machines Corp (NYSE:IBM) plunged Monday on Anthropic’s claims about its AI advancements.
CZ’s Jibe At TradFi
CZ wrote in a sarcastic X post,, “Wall Street was worried about crypto… when they should be worried about AI.”
The cryptocurrency billionaire poked fun at some traditional finance companies that have long feared or criticized the sector’s volatility and risks.
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong has echoed this narrative, stating that some traditional finance players have not been able to stomach the cryptocurrency “disruption.”
Some notable examples are JPMorgan Chase & …