Fu Peng's Debut Speech at Ignite 2022: Embracing Cryptocurrency in 2022, a New Era of Convergence Between Traditional Finance and Crypto is Coming

BlockBeats News, April 23, at the 2026 Hong Kong Institutional Digital Wealth Management Summit, Fang Peng, the newly appointed Chief Economist of NewFire Group, stated, "Starting from 2022, we have encountered the opportunity with crypto and have since been closely following the industry trends. Similar to both crypto and traditional finance leaders, early adopters need to play the game, and those who can truly shape the future are the ones who swiftly navigate these turning points when they occur. We will see the rapid entry of traditional financial institutions into the crypto asset market in the future. As it integrates, the market's logic will herald the arrival of a new era. In the future, we will witness stablecoins used for payments, Bitcoin transforming into an asset with value preservation functionality and financialized transactions. A new chapter is about to begin.

As of today, when everyone is beginning to realize that AI, data, computational power, and other such factors will be the most critical in the future, the game has already passed its halfway point. Moreover, the entire first half is what everyone recognizes as the traditional crypto sphere. Nothing remains constant, as everything undergoes continuous reconstruction and rebirth during its development."