Binance founder Changpeng Zhao says speculative capital that had been chasing artificial intelligence stocks is now rotating back into crypto, with Bitcoin trading near $78,500 after climbing from below $65,000 in mid-August. He frames the move as a normal shift in flows, not a signal that a bigger rally is guaranteed.
Changpeng Zhao, the Binance founder known as CZ, posted on X on September 2 that capital drawn into artificial intelligence stocks earlier this year is migrating back into crypto. According to Chainwire, CZ described the shift as "hot money" that had flowed into A.I. names and is now moving into Bitcoin and related exchange-traded funds. He also argued that both humans and A.I. systems will keep needing money indefinitely, so financial services will remain a fundamental part of the global economy.
Bitcoin's summer rally
Bitcoin is trading at $78,500, up from below $65,000 in mid-August. CZ attributed August's rally largely to the return of institutional investors and inflows into spot Bitcoin ETFs.
Not a guaranteed rally
However, CZ cautioned that this capital tends to chase whatever narrative is hottest at a given moment, so its loyalty to crypto shouldn't be assumed. He framed the shift as normal market behavior rather than a signal that a massive rally is imminent.
Resistance levels and longer-term targets
Glassnode's on-chain analysis puts Bitcoin resistance at $83,000 to $86,000, the zone where selling pressure has historically intensified. River Research has projected Bitcoin could reach $250,000 to $840,000 over the next five years, depending on how much capital keeps flowing in, a scenario tied to the traditional four-year market cycle that has shaped crypto performance in the past.
CZ's changed role
CZ stepped down as Binance's CEO in November 2023 as part of a settlement with US regulators and was pardoned by former President Trump in 2025. Since then he has pivoted to advisory work and investments through YZi Labs, while Binance itself claims more than 300 million users and $34 trillion in reported trading volume.
Sources: CryptoProwl, Crypto Briefing
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