Zhao Sees Stablecoin Growth 'Thousands of Times' Ahead Amid Bitcoin Downturn

Binance founder Changpeng Zhao dismissed concerns about Bitcoin's recent price drop to $60K, calling it 'mass psychology' and saying prices remain far above the 2022 bear-market low.

Zhao said that stablecoins have the potential to grow 'a couple of thousand times' from their current size, with him envisioning a future where every currency has its own stablecoin and foreign exchange rates are set on the blockchain 24/7.

The Binance founder also identified AI-powered payments as the next major catalyst for growth in the crypto market, predicting that AI agents will begin transacting on-chain within months.