Binance co-founder Changpeng Zhao has weighed in on the debate surrounding the impact of artificial intelligence and cryptocurrency on Wall Street. In a recent X post, CZ jokingly stated that Wall Street should be more concerned with AI than crypto.
This remark comes after IBM shares plummeted by over 13% due to Anthropic's announcement that its tool can streamline COBOL systems, which is a significant service for the technology giant. The company's AI advancements have caused concern among traditional finance players who fear disruption in the market.