Binance founder CZ suggested that Asian countries might discreetly accumulate Bitcoin reserves due to cultural influences. Speaking at MENA 2024 on December 9, 2024, CZ argued that the notion of cryptocurrencies disrupting traditional finance is a misconception. He warned that banks ignoring new technologies risk obsolescence. CZ also highlighted that cryptocurrencies offer greater transparency and traceability compared to traditional finance, with a significantly lower proportion of illicit transactions.