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CZ questions Wall Street's AI spending
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CZ questions Wall Street's AI spending

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  • Binance founder Changpeng Zhao said Wall Street is spending too much on AI instead of Bitcoin.
  • He argued that Bitcoin offers better long-term value than expensive AI projects.
  • His comments have fuelled debate over where investors should put their money.

Binance founder Changpeng Zhao (CZ) said Wall Street is spending too much on artificial intelligence and not enough on Bitcoin (CRYPTO:BTC).

He questioned the billions being poured into AI projects and said Bitcoin offers stronger long-term value.

His comments come as major technology companies continue increasing spending on AI infrastructure.

Companies are investing heavily in data centres, computer chips and AI software to support growing demand.

At the same time, more institutions are buying Bitcoin through exchange-traded funds and corporate treasury investments.

CZ's comments add to the debate over whether AI or digital assets will deliver better returns over time.

The discussion highlights how investors are weighing two of the world's fastest-growing technologies.

At the time of reporting, Bitcoin price was $63,516.26.

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