The Dubai based Museum of the Future hosted Changpeng Zhao, Founder and CEO of Binance, global crypto exchange, who stated during his speech that Bitcoin is neutral. He made these remarks during Future talks at The Dubai Museum of the Future on the topic of Blockchain and cryptocurrencies and the future of digital finance.
Zhao hailed the Museum of the Future; Dubai’s latest architectural landmark, as a fitting stage to discuss the role of cryptocurrencies, which he described as “the money of the future.” “People have not yet explored all the possibilities offered by blockchain technology, which may have applications beyond our current imagination,” said Changping Zhao, adding that neglecting the global shift towards cryptocurrencies is a mistake, praising at the same time the pioneering legislative framework of Dubai and the UAE that provide proper legal incubators for advanced and innovative technologies such as cryptocurrencies.
He added,”Blockchain has many new applications we had previously not even imagined, and it is fitting to be talking about cryptocurrencies here, at the Museum of the Future, as cryptocurrencies are the money of the future. The main risk with cryptocurrency is the risk of not adopting it; you risk losing the future. If you don’t take that risk, you don’t have the future, as you don’t have the future of money. Bitcoin is neutral, and it doesn’t have borders. It doesn’t side with anyone. And it can be used in any country. So, in theory it should hold its value – in this way it is far superior to gold.”
He shared his vision for the pivotal role of Dubai in globalizing the future of the sector, and regulation of the sector saying, “Today, the industry is still young. We need frameworks. It is also very important for industry players to be working closely with regulators. Some regulators like Dubai, the UAE, in many parts of the world are very, very smart about this.”
The founder and CEO of Binance concluded his remarks by saying, “We should encourage people to adopt this technology, but we should adopt it in a safe way. There should be information sharing but there has to be a balance with privacy.”
For his part, Saeed Al Gergawi, Head of Dubai Future Academy, said, “The ‘Future Talks’ series meet the vital and main objective of the Museum of the Future, which is to be a laboratory for innovation in future-related fields, including health, education, smart cities, energy and transportation and finance. Having Zaho as the first guest of the series is a strong kick-off as he is considered one of the most prominent visionaries who contribute to generating ideas and perceptions to address the challenges facing societies today.”
These talks, during which global industry leaders will focus on the future of their sector, revolve around several topics that discuss opportunities in: the field of cryptocurrencies and non-fungible tokens (NFTs); the role that Dubai plays in investing in the future; the future of mixed reality; the reality of the Arab world; science; the future of mobility; the role that metaverse technology plays in changing the world; the future of finance; the future of the technology sector; and the state of the world in 2022.