Fu Peng, Chief Economist at Xinhuo Group, has declared Bitcoin to be an AI asset rather than digital gold, during a presentation at the Hong Kong Convention and Exhibition Centre. Fu, who joined Xinhuo earlier this year, emphasized the integration of FICC (Fixed Income, Currencies, and Commodities) with crypto assets, highlighting the need for traditional financial institutions to understand and confidently enter the cryptocurrency market. Fu, known for his accurate prediction of Bitcoin's price drop in 2021, argues that Bitcoin's value is tied to liquidity and valuation rather than belief. He foresees 2026 as the "Year of Chinese Cryptocurrency," driven by regulatory clarity. Fu draws parallels between the current crypto landscape and the post-Bretton Woods era, suggesting that clear regulatory frameworks will enable traditional finance to embrace crypto assets.