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Xinhuo Group’s Weng Xiaoqi: $600 billion “mass migration,” the crypto market is at the starting point of a new growth cycle
ME News Report, April 19 (UTC+8), at the "Blockchain World, Boundless Future" frontier technology forum jointly hosted by the Frontier Technology Research Institute and ME Group, Xinhuo Group CEO Weng Xiaoqi delivered a keynote speech. He pointed out that Bitcoin is gradually replacing gold to become the true "hedging asset." The number of global coin holders has reached 740 million, and the annual trading volume of stablecoins has surpassed Visa.
He predicts that legislation such as the US FIT21 and CARE bills will bring compliance dividends, and that in the next two years, $600 billion will flow into the crypto market through traditional institutions.
Weng Xiaoqi believes that AI and the crypto ecosystem are naturally compatible, and the awakening of AI Agents will greatly promote the large-scale adoption of virtual currencies. He summarized that the crypto industry is at the start of a new growth cycle, and Hong Kong, as a compliance pioneer zone, is迎来 a historic window. (Source: ME News)