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Binance <\/strong>(CRYPTO: BNB) co-founder Changpeng \u201cCZ\u201d Zhao<\/strong> said that Wall Street should worry more about artificial intelligence than cryptocurrency after shares of\u00a0International Business Machines Corp<\/strong>\u00a0(NYSE:IBM)\u00a0plunged Monday on Anthropic\u2019s <\/strong>claims about its AI advancements.<\/p>\n CZ wrote in a sarcastic X post,, \u201cWall Street was worried about crypto\u2026 when they should be worried about AI.\u201d<\/p>\n The cryptocurrency billionaire poked fun at some traditional finance companies that have long feared or criticized the sector\u2019s volatility and risks.<\/p>\n Coinbase Global Inc.<\/strong> (NASDAQ:COIN) CEO Brian Armstrong <\/strong>has echoed this narrative, stating that some traditional finance players have not been able to stomach the cryptocurrency “disruption.”<\/p>\n Don’t Miss:<\/strong><\/p>\n Some notable examples are JPMorgan Chase & Co.\u00a0(NYSE:JPM)\u00a0CEO\u00a0Jamie Dimon<\/strong>, who maintains, to this date, a skeptical stance toward\u00a0Bitcoin<\/strong>\u00a0(CRYPTO:\u00a0BTC), even as the banking giant expands its cryptocurrency infrastructure.<\/p>\n Wall Street was worried about crypto\u2026 when they should be worried about AI. \ud83d\ude02 https:\/\/t.co\/uXwzuHY1GN<\/p>\n<\/blockquote>\n See Also:\u00a0Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights<\/em><\/strong><\/p>\n CZ\u2019s remarks came after IBM shares tumbled more than 13% in Monday\u2019s regular trading on AI company Anthropic\u2019s claim that its tool can help companies modernize legacy systems built on\u00a0COBOL<\/strong>, a service that generates billions for the technology giant.<\/p>\n AI disruption fears have weighed on the broader market. A note published Sunday by\u00a0Citrini Research\u00a0<\/strong>presented a hypothetical scenario set in June 2028\u00a0where AI\u2019s disruption has caused mass unemployment\u00a0for white-collar workers, declining consumer spending, and economic contraction.<\/span><\/p>\n Read Next:\u00a0<\/strong><\/p>\n Photo Courtesy: Lester Balajadia on Shutterstock.com<\/em><\/p>\n UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily<\/strong>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.<\/p>\n Get the latest stock analysis from Benzinga:<\/p>\n This article Wall Street Should Worry More About AI Than Crypto, Says Changpeng Zhao As Anthropic's Latest Announcement Hammers IBM Stock originally appeared on Benzinga.com<\/p>\n<\/p><\/div>\n\n