CZ: Crypto capital will flow to RWA tokenization, prediction markets

Binance founder Changpeng Zhao (CZ) predicted that capital in the cryptocurrency market will flow into real-world asset (RWA) tokenization and prediction markets, Watcher.Guru reported, citing a Binance Square live AMA. Zhao stated that every country he has spoken with wants to tokenize its national assets, as this allows them to raise funds immediately and deliver the physical assets later. He pointed to the tokenization of surplus water resources in the city of Turkistan, Kazakhstan, as a prime example of a new revenue generation model at the national level. Zhao also forecast that interest in prediction markets will grow ahead of this summer's World Cup.