CZ: BITCOIN'S FIXED SUPPLY IS THE UMBRELLA AGAINST INFLATION

IN A RECENT COMMUNICATION, THE FOUNDER OF BIANAN ZHAO CHANG PENG (CZ) NOTED THAT THERE IS A CLEAR DIFFERENCE BETWEEN BITCOIN’S 21 MILLION SUPPLY CAP AND MORGAN CHASE’S CEO, JAMIE DAMON, WHO IS EXPECTED TO ATTRACT $72.5 BILLION IN ARTIFICIAL SMART INVESTMENT CYCLES. HE STRESSED THAT ARTIFICIAL INTELLIGENCE AND BITCOIN HAD DIFFERENT FINANCIAL AND ECONOMIC ROLES, AND REJECTED THE VIEW THAT FAST-GROWING ARTIFICIAL INTELLIGENCE COULD PROTECT INVESTORS FROM DEVALUATION. CZ INDICATES THAT WHILE ARTIFICIAL INTELLIGENCE CAN INCREASE PRODUCTIVITY AND BUSINESS EFFICIENCY, BITCOIN PROVIDES AN UNEXTENSIBLE ASSET FOR HOLDERS. IN HIS VIEW, THE SCARCITY OF BITCOIN WAS AT THE HEART OF ITS ATTRACTIVENESS, NOT SEEN AS ANOTHER RAPIDLY GROWING INVESTMENT IN TECHNOLOGY. DESPITE THE CONTINUED GROWTH IN INVESTMENT IN ARTIFICIAL INTELLIGENCE, CZ BELIEVES THAT THE FIXED SUPPLY OF BITCOIN OFFERS IT THE POTENTIAL TO STORE LONG-TERM VALUE WHEN INFLATION WEAKENS THE VALUE OF THE FRENCH CURRENCY。