Changpeng Zhao: "Funds that flowed out to AI are returning to cryptocurrency"

▲ Artificial Intelligence (AI), Bitcoin (BTC)/AI generated image

A diagnosis has emerged that speculative funds that had flowed out to artificial intelligence (AI) are beginning to return to the cryptocurrency market.

According to Cryptoprowl on September 3 (local time), Binance founder Changpeng Zhao stated that some funds that had flocked to the artificial intelligence sector are moving back to the cryptocurrency market. Changpeng Zhao said, “Some short-term speculative funds that went to AI are returning to cryptocurrency.” This explains that the direction of funds moving between risky assets is changing.

Changpeng Zhao predicted that the financial industry itself would not disappear despite the growth of artificial intelligence. This is because not only people but also AI systems need to use money in the process of economic activity. He believes that financial services will remain a core area of the economic system in the future.

Until now, there has been a large amount of investment interest in AI companies and related technologies. In particular, as funds seeking high returns moved into the AI sector, a trend of competition for investment funds with cryptocurrencies emerged. Changpeng Zhao's remarks focused on the fact that some funds have recently started to turn back towards cryptocurrencies.

Changpeng Zhao did not view AI and finance as mutually exclusive. He believes that even with the proliferation of AI, the role of finance and money will continue. In the cryptocurrency market, the continued return of funds that had moved to AI has been presented as a key point for judging future fund flows.

[Article Key Summary]

-Changpeng Zhao stated that some speculative funds that had moved to AI have begun to return to the cryptocurrency market.

-He predicted that the financial industry would not disappear, as both humans and AI need to use money.

-The direction of risky asset investment funds moving between AI and cryptocurrency is once again gaining attention.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*