Fu Peng: Traditional financial institutions will rapidly enter the crypto market in the future

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 since continued to follow developments in the crypto industry. The big players in the crypto world are similar to those in traditional finance; in the early stages, both require strategic maneuvering. Those who can truly shape the future are the ones who can swiftly adapt during pivotal moments. In the future, we will see traditional financial institutions rapidly entering the crypto asset market. When this integration happens, the logic of the market will herald the arrival of a new era. Technological progress at certain stages often coexists with turbulence in the global institutional order. In the 1970s and 1980s, we experienced the Cold War, Middle Eastern wars, the U.S. dollar's oil crisis, the surge in gold prices, and systemic decoupling. Yet human civilization always finds opportunities; risks and opportunities coexist. While the global order was in chaos, our advancements in computing, semiconductors, and information technology were simultaneously rising. Up until today, as we all begin to realize that AI, data processing power, and similar technologies will become the most critical factors—the key productivity drivers of the next era—we are already halfway through the game. The first half was what everyone recognized as the traditional crypto world. Nothing remains unchanged; everything is constantly evolving, restructuring, and being reborn in the process of development.'