Fu Peng: Traditional Financial Institutions Will Accelerate Entry into the Crypto Market, Stablecoin Payments and Bitcoin Financialization to Usher in a New Chapter

Deep Tide TechFlow reports that on April 23, Fu Peng, Chief Economist of New Fire Group, delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit Forum. He stated that the integration of traditional financial institutions with the crypto asset market will herald the arrival of a new era for the market. Those who can truly succeed in the future are those who swiftly complete their transformation at critical turning points. Fu Peng cited the Cold War, oil crisis, and the simultaneous rise of computers and semiconductor technology in the 1970s and 1980s as examples, pointing out that technological progress often goes hand in hand with global order disruptions, with risks and opportunities always coexisting. He believes that AI and data computing power are now widely recognized as the core productivity drivers of the next era, signifying that the "first half" of the crypto industry has essentially concluded. The industry is now at a critical stage of reconstruction and rebirth. Looking ahead, Fu Peng predicts that stablecoins will take on payment functions, while Bitcoin will evolve into a core asset with both value storage and financialized trading attributes. A brand-new chapter in the era is about to begin.