Fu Peng: Bitcoin shouldn't just be understood as 'digital gold' Fu Peng, Chief Economist of New Fire Group @fupenglondon, stated during his speech at the Bitfire Day 2026 Hong Kong Institutional Wealth Management Summit on April 23 that stablecoins have essentially carved out the payment functionality of blockchain and will take on more of a payment role in the future. In contrast, Bitcoin shouldn't be simply summarized as 'digital gold.' Its more complete definition should be 'an asset with value preservation functionality that can be financialized and traded.' He also pointed out that many things have value but may not necessarily possess large-scale financialization or tradable capabilities. The key lies in defining assets more comprehensively and accurately. Source: Web3 Festival