2026-04-23 04:05:13
Bitcoin Will Become Asset with Value Maintenance and Financial Trading Functions, Says Foresight Chief Economist
Abstract: At the 2026 Hong Kong Institutional Digital Wealth Management Summit, Fu Peng, Chief Economist at Foresight Group, stated that stablecoins will be used for payments while Bitcoin will evolve into an asset with value maintenance and financial trading functions. This marks a major shift in how cryptocurrencies are used in finance.
Fu Peng at the HK summit says stablecoins will enable payments, while Bitcoin becomes an asset for value preservation and trading, signaling a new era in crypto's financial role.