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

Foresight News on-site report: At the 2026 Hong Kong Institutional Digital Wealth Management Summit, Hu Peng, Chief Economist of Xinhou Group, stated, "My journey with crypto began in 2022, and I have since continued to follow developments in the crypto industry. The big names in the crypto world are quite similar to those in traditional finance; in the early stages, it's all about maneuvering, and those who truly shape the future are the ones who can swiftly adapt when a turning point arrives. In the future, we will see traditional financial institutions rapidly entering the crypto asset market. When this integration takes place, the logic of the market will signal the advent of a new era.

At certain stages, technological advancement coexists with turmoil in the global system and order. In the 1970s and 1980s, we experienced the Cold War, Middle East wars, the US dollar's oil crisis, a surge in gold prices, and systematic decoupling from gold. But human civilization is always full of opportunity; risk and opportunity walk hand in hand. Even as the world order descended into chaos, our computers, semiconductors, and information technology were on the rise.

As of today, when we all begin to realize that AI and data computing power will be the most vital forces and the most important productivity drivers of the next era, the entire game is already half over. In fact, the first half has been what people recognize as the traditional crypto space. Nothing stays the same forever; everything continually reshapes and is constantly reborn in the course of development."