[Zhao Changpeng Speaks at Davos: Fractional Reserve System is the Root of Bank Liquidity Crises, Demand for Physical Banks Will Plummet in the Next Decade] At the 2026 Davos World Economic Forum, Zhao Changpeng stated that technology itself does not bring risks but rather accelerates the exposure of existing problems. He pointed out that the root cause of bank liquidity crises (bank runs) lies in the 'fractional reserve system.' Using Binance as an example, he mentioned that in December 2023, the platform handled withdrawals of up to $7 billion in a single day without any pressure. Zhao Changpeng predicted that with the maturation of blockchain and KYC technologies, the number of physical bank branches will significantly decrease in the next decade. Meanwhile, he expressed a reserved attitude toward direct Bitcoin payments and Meme coins, stating that Meme coins are highly speculative and the vast majority will struggle to endure, with only a few, such as Dogecoin, potentially surviving long-term due to their cultural value.