CZ: Hard to Predict Next Cycle, AI Companies May Issue Tokens

Zhao's remarks signal that institutional-scale AI players entering token issuance is no longer fringe speculation but a plausible scenario shaping market narratives. This matters because it could redefine capital formation models, pulling AI firms into crypto's regulatory and liquidity frameworks. The key watchpoint is whether any major AI firm moves beyond exploratory commentary, as that would test how existing market infrastructure handles non-native issuers. Until then, the convergence remains a thematic driver rather than a concrete market force.