New Fire Research Institute: The largest wealth transfer in history may occur in the next 20 years On February 11th, at the "Hong Kong Digital Wealth Forum", New Fire Technology (1611. HK) Research Institute officially released the "2025 Global High Net Worth Population Digital Wealth Allocation Trend Report". This is the first systematic research report on global high net worth individuals' cryptocurrency asset allocation, filling the data gap in this niche field. Ding Yuan, the president of Xinhuo Research Institute, revealed in his keynote speech that approximately 60 million high net worth individuals worldwide hold $226.47 trillion in investable assets. If the allocation ratio reaches 2% to 4%, it will inject $4.5 trillion to $9 trillion in incremental funds into the cryptocurrency market in the next three to five years. This scale far exceeds the current total market value of the cryptocurrency market and the market value of Bitcoin, and will completely reshape the industry. The report shows that global high net worth wealth is highly concentrated in North America, Western Europe, and Greater China, accounting for a combined 82% of the total. The regional configuration strategy shows a clear differentiation, with a radical North American style and an expected allocation ratio of 3% to 5%. The technology nouveau riche may break through 10%, while Western Europe will defend steadily at 1.5% to 2.5%. Offshore funds in Greater China are expected to reach nearly 4%, and Hong Kong is becoming a core hub for cross-border allocation. Ding Yuan pointed out that the next 20 years will witness the largest wealth transfer in history, with an estimated scale of $83 trillion. The younger generation aged 18 to 35 has listed digital assets as the fourth largest asset category, surpassing bonds and gold. It is expected that the proportion of new generation home office allocation will exceed 10% by 2028. At the same time, the RWA track is on the eve of explosive growth, with its market value increasing nearly threefold to $20.7 billion by 2025. By 2026, it will become a key bridge connecting traditional finance and the digital ecosystem. The report reveals a significant gap in the supply side of front-end services. Although traditional financial institutions such as Morgan Stanley and UBS have opened up digital asset investments, traditional banks still lag behind in areas such as encrypted custody, on chain interest bearing strategies, and practical experience. Although cryptocurrency native institutions have established a presence in the ultra-high net worth customer base, the overall market still lacks a service model that truly suits the habits of high net worth individuals. Ding Yuan explicitly stated that digital asset private banking will be the ultimate form of serving high net worth individuals. The real needs of high net worth clients have evolved from simple custody to a triple core demand: proactive appreciation strategy, encrypted native income integration, and unified view of all assets. He pointed out that what the market lacks is the complete mapping of traditional private banking management models in the encrypted world. Digital assets are no longer about whether high net worth individuals participate, but about how much they allocate, "Ding Yuan concluded." The lack of digital assets may be seen as an irrational 'short selling the future'