As per usual, I have distilled the 10 key points of this AMA from three dimensions: market cycle, industry perspective, and public feedback.
[Part 1: Market and Cycle]
1. This cycle is different from previous ones; bull and bear markets cannot be accurately predicted.
CZ believes that this cycle may not necessarily follow the traditional four-year cycle.
The U.S. has clearly expressed support for cryptocurrencies for the first time, related legislation is progressing, and other countries are likely to follow suit. The stablecoin and RWA sectors are developing rapidly.
In the long term, the industry's fundamentals are sound, but short-term trends are unpredictable; it is essential to carefully assess risks.
[Part 2: Industry Trends]
2. CEX and DEX will coexist in the long term.
DEX requires users to manage their wallet security independently, which is difficult for ordinary users to adapt to. New users will still start with CEX, while advanced users will gradually shift to DEX.
The market is large enough to accommodate thousands of CEX and DEX; it is not a zero-sum game.
3. RWA asset tokenization is a major trend with certainty.
Almost all countries are promoting the tokenization of their national assets, including gold, minerals, and water resources.
Core logic: first obtain funding, then deliver goods; tokenization greatly enhances asset liquidity.
4. AI × Crypto is the fastest landing direction in the crypto field.
The trading volume between AI Agents will be millions of times that of humans; the traditional banking system cannot support this, and crypto payments will be the fastest landing scenario.
In the next 2–5 years, small, cross-border, high-frequency payments between AI Agents will likely use cryptocurrencies, which are still in very early stages.
5. Aster: Do not focus too much on short-term coin prices; concentrate on the product itself.
When asked about Aster's growth surpassing similar projects, CZ suggested:
Do not overly worry about short-term price fluctuations, nor do horizontal comparisons; focusing on product quality is key.
He particularly appreciates the Aster team, especially Leonard's great ambition.
The current industry is divided into two main paths: 'extreme transparency' and 'privacy protection.' It is still uncertain which one will prevail, and it is highly likely that multiple models will coexist in the future.
[Part 3: Public Opinion and Ecology]
6. How to deal with FUD?
Not handling it is the best way to handle it.
Filter out noise and do not let negative information affect decisions. Smart people will stay, while those easily swayed by emotions will leave; this in itself is a form of selection.
7. The Chinese community needs to be more united.
Internal conflicts in the Chinese community are severe, with a lot of fake news coming from internal competitors.
Everyone should be more united to enhance the influence of the Chinese-speaking community internationally.
8. Binance Square: Create a Web3 version of YouTube.
Use encryption mechanisms to solve the monetization challenges faced by content creators.
Currently, there are two core commercialization paths:
a. Trader Path: Write to Earn, users trade after reading, and creators can earn up to 50% commission.
b. Creator Path: Participate in project activities to earn token rewards.
9. Africa is a golden opportunity that cannot be missed by crypto platforms.
CZ stated that Africa has low bank penetration but high smartphone penetration, possessing the potential to leap directly into the Crypto era.
Short-term ROI is not high, but he is optimistic about the economic potential of Africa's large population in the coming years and has visited more than 12 African countries.
10. The entire donation from this live stream will be allocated to education.
This AMA live stream received approximately $18,000 in donations, and CZ announced that all of it will be donated to Giggle Academy.
This session's data: 89,168 people watched, with over 1.61 million exposures across the internet.
My observation:
This year, CZ's AMAs have basically been held at Binance Square, maintaining a frequency of at least one session per month.