Traditional Finance Will Accelerate Entry Into Crypto Market, Says Economist Fu Peng

Gate News message, April 23 — Fu Peng, chief economist of Xinfire Group, shared his outlook on the convergence of traditional finance and crypto assets during the 2026 Hong Kong Institutional Digital Wealth Management Summit. According to Fu, the integration of traditional financial institutions with the crypto market will herald a new era, with successful participants being those who quickly adapt at critical turning points. He noted that technological progress and global order disruption often occur in parallel, with risks and opportunities always intertwined.

Fu highlighted that AI and data computing power are now widely recognized as the core productive forces of the next era, indicating that the first half of the crypto industry’s development cycle has essentially concluded. The sector is currently at a critical stage of restructuring and renewal, he stated.

Looking ahead, Fu predicted that stablecoins will assume a payments function, while Bitcoin will evolve into a core asset combining value storage with financial trading attributes. This convergence will mark the beginning of a new chapter for the industry.