Binance’s CZ: AI Will Cost Millions Jobs — Buy Crypto to Hedge
Binance founder Changpeng Zhao (CZ) warned that accelerated adoption of artificial intelligence (AI) will eliminate millions of jobs, particularly entry-level roles, and urged people to invest in cryptocurrencies as a financial hedge. In an X post CZ said “AI will make you jobless. Crypto will make you not need a job,” advising to buy and hold crypto now to potentially retire in the future. He framed his view around a predicted crypto “supercycle” in 2026, citing the US SEC deprioritizing crypto enforcement and rising institutional demand. CZ also reiterated that his comments are not financial advice. The article references an ILO study that estimates one in four jobs could be at risk from generative AI and notes calls for worker upskilling. CZ has sizeable exposure to BNB and expects Bitcoin to surge (he mentioned a $200K target), while some market optimists forecast even higher long-term price points.
Bullish
CZ’s public bullish stance and call to buy-and-hold crypto frames the news as market-positive. His comments link AI-driven job insecurity to a defensive capital allocation into digital assets, which can drive retail interest and inflows if widely believed. He also cited institutional tailwinds (SEC deprioritization, rising institutional demand) and a 2026 ‘supercycle’ thesis—narratives that historically lift sentiment and prices, particularly for Bitcoin and exchange-native tokens like BNB. Short-term impact: likely modest positive sentiment lift and potential increased retail buying after the post, but limited immediate price driver absent concrete flows or fund launches. Volatility could rise as traders react to headlines. Long-term impact: if AI anxiety materially increases capital flows into crypto or drives policy/regulatory shifts favorable to digital assets, sustained bullish pressure could follow. Counterpoints: CZ’s comments are rhetoric, not new fundamental data; other macro factors (rates, liquidity, regulations) still dominate. Similar past events: bullish public endorsements (e.g., notable executives predicting price targets) have temporarily lifted sentiment and volumes, sometimes leading to multi-week rallies if reinforced by institutional flows. Overall, expect a bullish sentiment bias but dependent on follow-through in capital flows and regulatory developments.