Binance co-founder Changpeng Zhao has challenged Wall Street’s projected $700 billion AI spending wave by arguing that Bitcoin offers protection against inflation that artificial intelligence cannot provide.
CZ’s comment comes as investors weigh Bitcoin’s fixed supply against the rapid flow of capital into AI infrastructure. JPMorgan CEO Jamie Dimon expects AI investment to reach $725 billion this year, while BlackRock executives see rising government debt and currency concerns strengthening Bitcoin’s long-term case.
Bitcoin’s case rests on fiscal pressure
According to BlackRock digital assets chief Robert Mitchnick, investors have recently paid less attention to Bitcoin as spot Bitcoin exchange-traded funds recorded heavy outflows. Mitchnick believes that trend could reverse if concerns about U.S. borrowing and currency debasement intensify.
Bitcoin recently traded near $65,000 after recovering from an earlier decline. However, the cryptocurrency remained well below its October 2025 record of more than $126,000, which was reached during a period of strong inflows into BlackRock’s spot Bitcoin ETF.
CZ’s inflation argument follows the same monetary case outlined by Mitchnick. While AI companies depend on future revenue from heavy capital spending, Bitcoin supporters view the asset’s limited supply as protection against the loss of purchasing power caused by monetary expansion.
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