Fu Peng: In the future, we will see traditional financial institutions rapidly enter the cryptocurrency market.

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ME News, April 23 (UTC+8), Foresight News live report, Fu Peng, Chief Economist of New Fire Group, stated at the 2026 Hong Kong Institutional Digital Wealth Management Summit, "I began my journey with crypto in 2022 and have been continuously following the dynamics of the crypto industry since then. Crypto heavyweights are similar to traditional financial heavyweights—both require strategic maneuvering in the early stages. What truly shapes the future is the ability to swiftly pivot at turning points. In the future, we will see traditional financial institutions rapidly entering the crypto asset market. When this integration occurs, the market logic will herald a new era. Technological progress coexists with turmoil in the world order at certain stages. In the 1970s and 1980s, we experienced the Cold War, the Middle East wars, the dollar-oil crisis, the surge in gold prices, and systemic de-anchoring. Yet human civilization is always about opportunities, and risks go hand in hand with opportunities. While the world order was in chaos, our computer, semiconductor, and information technologies were on the rise. By now, when we all realize that AI, data, and computing power will become the most important productive forces of the next era, the game is already half over. And the entire first half is what everyone recognizes as the traditional crypto space. Nothing is set in stone; everything is constantly being reconstructed and reborn throughout the process of development." (Source: Foresight News)
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