Fu Peng: Traditional financial institutions will accelerate their entry into the crypto market, and stablecoin payments and Bitcoin financialization will usher in a new chapter.

Golden Finance reports that on April 23, Fu Peng, Chief Economist of New Fire Group, delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit Forum. He stated that the integration of traditional financial institutions with the crypto asset market will mark the arrival of a new market era, and those who can truly succeed in the future are those who rapidly complete their transformation at critical turning points.
Using the example of the Cold War, oil crisis, and the simultaneous rise of computers and semiconductor technology in the 1970s and 1980s, Fu Peng pointed out that technological progress and global order turbulence often occur simultaneously, with risks and opportunities always coexisting. He believes that AI and data computing power are now widely recognized as the core productivity of the next era, indicating that the “first half” of the crypto industry has basically ended, and the industry is in a critical stage of reconstruction and rebirth.
Looking ahead, Fu Peng predicts that stablecoins will take on payment functions, Bitcoin will evolve into a core asset with both store of value and financial trading attributes, and a brand-new chapter of the era is about to begin.