Now sharing with you a bit of highlighted information that I compiled from CZ at the Davos forum, where influential figures like Trump and Elon Musk gather. It may sound disjointed, but when put together, it is very 'CZ style' – pragmatic and directly addressing the structure of the system.

In my opinion, the most notable point is how CZ views payments. He acknowledges that the payments sector is facing many issues, but the way forward is not for crypto to 'smash' TradFi, but for both sides to be forced to integrate with each other. Crypto cannot naturally replace the entire traditional payment system, but it will serve as a new layer of infrastructure to make payments faster, cheaper, and more flexible. This perspective is quite different from the narrative 'crypto will kill banks' that many often hear.

CZ is also quite straightforward when he says he doesn't trust Bitcoin payments and is wary of memecoins due to the high risks involved. I find this reasonable. Bitcoin is increasingly resembling a store of value rather than a daily payment tool, while memecoins are largely still a psychological game and liquidity, making them very hard to sustain at a systemic scale.

Regarding banks, CZ predicts that in the next 10 years, the number of traditional physical banks will decrease significantly. I think this is not because crypto directly 'destroys' banks, but because the current banking model is too cost-heavy, too slow, and no longer suitable for a 24/7 digital transaction world. Crypto is just a catalyst that makes this process happen faster.

Another interesting point is about regulation. CZ acknowledges that building a global crypto regulatory framework is extremely difficult, so he proposes a 'regulatory passport' model, meaning if you are licensed in a reputable country, that license could be recognized in other countries. If this can be accomplished, it would be a huge leap for crypto, as it significantly reduces legal costs and paves the way for companies to scale globally instead of being divided by borders.

I somewhat agree with CZ's point about systemic risk. He clearly states that faster, cheaper technology does not make the system riskier. The core issue of banking does not lie in technology, but in the fractional reserve model where liquidity is always an illusion until there is a crisis of confidence. Crypto, at least in terms of design, is much more transparent on this point.

The sharing session was very good, and I noticed that CZ no longer talks about crypto with a 'revolutionary' tone, but rather from the perspective of someone who has gone through many cycles: crypto will not replace everything, but it will penetrate the weakest points of the current system. And it is precisely those weaknesses that will be where real growth lies in the next 10 years.