Binance Founder Predicts AI Job Crisis, Calls Crypto the ‘Silver Bullet’

CZ links AI-driven job losses to rising crypto relevance and growing government interest in blockchain tokenization.

Artificial intelligence is advancing rapidly, raising concerns about its impact on jobs globally. In recent remarks, Changpeng Zhao warned that AI-powered automation could eliminate millions of jobs, leaving many workers unprepared. He believes cryptocurrencies may offer an alternative path to financial security during that shift.

CZ Expects Crypto to Play Larger Role as AI Alters Job Markets

CZ shared his view in a post on X, stating that AI adoption will outpace society’s ability to replace lost jobs. He argued that owning digital assets could help people remain financially independent. His message framed crypto as a retirement plan for people who lose their jobs.

CZ admitted that crypto assets carry market risks and outcomes can vary widely depending on timing and asset choice. But even at that, he expects digital assets to play a key role in personal finance over the next decade.

Zhao Reveals Talks With Governments on Tokenizing National Assets

During a panel at the World Economic Forum in Davos, CZ revealed ongoing talks with more than a dozen governments. He pointed out that these discussions focus on tokenizing state-owned assets using blockchain networks. 

CZ described tokenization as the next phase of crypto adoption. In his view, exchanges marked the first stage, followed by stablecoins. Government-backed tokenized assets could represent the third step.

These assets may include bonds, commodities like oil or gold, and public real estate. Moreover, tokenization allows assets to be split into smaller units and traded around the clock. Faster settlement and automated payments can also be built into the system.

For governments, these features may unlock earlier access to capital and wider investor participation. Funds raised could then be redirected into local development and infrastructure.

State-led tokenization differs from earlier private efforts tied to real-world assets. Public control over issuance and distribution offers transparency while keeping returns within national systems. Several countries are already testing similar models, signaling growing acceptance.

On the other hand, traditional firms are increasingly interested in blockchain markets. The New York Stock Exchange confirmed plans to build a platform for trading tokenized stocks and exchange-traded funds. 

Zhao reacted positively to the news, calling it a positive signal for crypto and global exchanges.

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