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🚨🚨 CZ's Remarks at Davos: "I Would Like to Offend Traditional Banks ✴️
CZ stated that the payments sector faces significant challenges, but the integration of traditional payments with cryptocurrency will drive growth. He expressed skepticism toward Bitcoin payments and Memecoins, citing high risks. He predicted a substantial decline in traditional physical banks over the next 10 years 🤔
Implementing a global crypto regulatory framework is difficult, and he suggested a "regulatory passport" scheme (licenses from one country recognized by others) 👀
He argued that technological improvements in speed and cost reduction do not increase risk, with bank liquidity issues stemming from the fractional reserve system ↩️
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌