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Fu Peng: Traditional financial institutions will accelerate their entry into the cryptocurrency market, and stablecoin payments along with the financialization of Bitcoin will open a new chapter

By: rootdata|2026/04/23 12:42:01
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Chief Economist Fu Peng of New Fire Group delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit, stating that the integration of traditional financial institutions and the cryptocurrency market will herald the arrival of a new era in the market. The participants who will truly succeed in the future are those who can quickly complete their transformation at critical turning points.

Fu Peng cited the Cold War, oil crisis, and the simultaneous rise of computer and semiconductor technology in the 1970s and 1980s as examples, pointing out that technological advancements and global order turmoil often go hand in hand, with risks and opportunities always accompanying each other. He believes that AI and data computing power are now widely recognized as the core productive forces of the next era, indicating that the first half of the cryptocurrency industry has essentially ended, and the industry is at a critical stage of reconstruction and rebirth.

Looking ahead, Fu Peng predicts that stablecoins will take on payment functions, btc-42">Bitcoin will evolve into a core asset with both value storage and financial transaction attributes, and a brand new chapter of the era is about to begin.

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