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.

Deep Tide TechFlow news. On April 23, Fu Peng, Chief Economist of New Fire Group, delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit. He said that the integration of traditional financial institutions with the crypto asset market will usher in a new era for the market, and that the participants who can truly achieve the future are those who complete their transformation quickly at critical turning points.

Taking the synchronized rise of the Cold War in the 1970s and 1980s, the oil crisis, and computer and semiconductor technologies as examples, Fu Peng pointed out that technological progress and upheavals in the world order often go hand in hand, with risk and opportunity always moving together. He believes that AI and data computing power are now widely recognized as the core productive forces of the next era, meaning that the “first half” of the crypto industry has essentially come to an end, and the industry is in a critical stage of reconstruction and rebirth.

Looking ahead, Fu Peng expects that stablecoins will take on payment functions, and that Bitcoin will evolve into a core asset with both a store of value and financialized trading attributes, as a brand-new chapter of the era is about to begin.