BIT Hosts Investment Forum in Hong Kong Amid Bitcoin's Price Surge

On the afternoon of August 26, during the Bitcoin Asia 2026 conference, BIT (formerly Matrixport), a global digital asset financial services group, hosted an investment opportunities forum in Hong Kong under the theme "Traditional Capital Markets, Digital Assets, and Beyond." The event brought together over ten distinguished speakers, including institutional investors, family office representatives, renowned financial commentators, media professionals, and academics, for an in-depth dialogue on macroeconomic cycles and digital asset allocation strategies. During the week of the forum, Bitcoin experienced a strong rebound, briefly surpassing the $80,000 mark to reach a three-month high. Driven by shifting expectations around macroeconomic liquidity and a recovery in market risk appetite, discussions intensified regarding whether digital assets had emerged from their recent trough and entered a new allocation window. More than 200 investors, institutional representatives, and industry partners from Hong Kong and around the world attended the event.

The forum was opened by Cynthia Wu, Co-Founder and Chief Business Officer of BIT. Over the past seven years, BIT has consistently prioritized security and risk management as foundational pillars of its business operations, continuously refining its trading, custody, and operational systems. Throughout this period, BIT’s business has revolved around the core principle of providing clients with long-term, sustainable financial services under controlled risk. This year, BIT extended this approach to additional asset classes, formally transitioning into a multi-asset digital financial platform: in February, it launched spot trading for U.S. stocks, followed by margin trading and options, with cumulative trading volume for these products now reaching approximately $4 billion. By embedding risk management throughout its growth, BIT continues to deliver sustained value to its clients—a journey made possible by the enduring trust of its customers and the support of partners in infrastructure, products, and services. BIT itself remains in a continuous phase of learning and development. Looking ahead, the platform will further enhance its service ecosystem by introducing HKD deposit and withdrawal functions, as well as Hong Kong stock trading, strengthening its role in connecting traditional finance with digital assets.

Subsequently, BIT特邀 analyst Markus Thielen delivered an in-depth presentation on macroeconomic cycles, systematically reviewing historical patterns and helping investors clarify the next potential direction of asset value movements. Based on historical price data of Bitcoin over the past 14 years, Markus built upon the widely accepted "four-year halving" market consensus to further distill a price pattern of "35 months of rally followed by 12 months of correction": a price break below the one-year moving average typically signals a bear market, while a reclamation above both the one-year and 21-week moving averages, combined with monthly RSI approaching cycle lows, declining demand for put options, and a breakout from the long-term downtrend, often indicates the end of a correction and the beginning of a new upward cycle. However, he emphasized that Bitcoin’s own price cycle, when overlaid with the longer-term macro "debt-liquidity supercycle," exhibits阶段性交错 rather than a simple linear relationship: U.S. debt levels and Bitcoin prices do not move in lockstep; rather, the debt trend determines the long-term upward slope, dollar strength and liquidity determine when the rally initiates, and Bitcoin’s intrinsic price cycle dictates the specific rhythm of each upswing and correction. According to his analysis, we are currently at a confluence of three factors: ongoing debt expansion, the end of dollar strength, and Bitcoin’s恰好 completion of approximately 12 months of correction. He therefore believes a new upward cycle—lasting roughly two to three years—is now beginning. He shared a compelling valuation anchor from his research: based on current U.S. debt levels, Bitcoin’s fair value should be around $100,000, suggesting that current prices remain relatively undervalued.

The first panel, moderated by Sunny, CEO of PANews, featured Elio Cui, Head of BIT’s brokerage business; Ming Zhao, CEO of AVS; Crystal He, CEO of Delin Family Office; and Sun Zihao, a well-known Hong Kong stock commentator and full-time trader, to discuss the current situation where AI giants are facing tightening cash flows: whether AI can still attract long-term capital inflows, or whether capital rotation has already shifted toward new directions.

In June of this year, the seven tech giants collectively lost approximately $2.4 trillion in market value, serving as the starting point for this discussion. Guests debated whether capital expenditure guidance in the AI industry would slow down, and whether cash flows could sustain such massive investments amid continuously rising debt levels across companies. Viewed through the longer lens of the tech cycle, this correction resembles another healthy purge akin to the 2000 dot-com bubble— the sectors themselves won’t disappear; only those companies capable of enduring the cycle will endure.

Regarding the next allocation direction of capital, panelists’ views have diverged into two parallel tracks: “defensive, certainty-driven assets” and “structural, high-volatility assets.” Some capital remains committed to high-growth sectors like AI to pursue excess returns, while other capital has shifted toward gold, RWA, and high-quality assets with stable cash flows to hedge against uncertainty—particularly gold, which continues to attract strong demand amid geopolitical instability. Elio explained that as market expectations rise regarding interest rate hikes or a Fed policy pivot, capital tends to rotate from high-volatility, high-growth assets toward relatively scarce and more certain assets like gold and Bitcoin—this is precisely why he is currently focusing on gold, Bitcoin, RWA, and high-quality infrastructure companies with solid cash flows. He sees strong growth potential in stablecoins and RWA, but acknowledges that RWA still faces a widespread challenge: despite large issuance volumes, trading activity remains sluggish. Crystal He further corroborated this from an institutional investor perspective: trillion-dollar institutions like BlackRock and Franklin Templeton are all making long-term bets in this space, yet they still face four key limitations—limited asset diversity (approximately 40% of the $31.4 billion in issuance consists of U.S. Treasuries), insufficient liquidity, predominantly single-chain development lacking cross-chain collaboration, and the ongoing need for regulatory clarity and policy guidance.

The tokenization of U.S. equities, which ranks highest among RWA issuance categories, faces similar challenges. On the surface, this appears to be due to the strong wealth effect and appeal of U.S. stocks, enabling a broader range of investors to access this asset class for the first time. However, the more fundamental reason is not the asset itself, but the "lowered barriers"—tokenization has given users who previously couldn’t open accounts their first opportunity to invest in U.S. equities. According to industry data, the monthly on-chain trading volume of tokenized U.S. equities reached approximately $9.22 billion in June 2026, translating to an average weekly trading volume of about $2.1 billion—still less than one-180th of the Nasdaq Exchange’s single-day trading volume (approximately $383.7 billion). This reveals that even after barriers have been lowered, the market has yet to truly validate whether liquidity and underlying asset redemption can be reliably delivered: investors often only discover, when attempting large-scale trades or redemptions, that the underlying U.S. equity liquidity behind the tokens is far less abundant than assumed. This phenomenon underscores a key insight—the trading channels that directly connect to the U.S. capital markets, providing authentic underlying assets and ample liquidity, remain difficult to replace in the short term.

Wendy Jiang, General Manager of Cactus Custody under BIT, and Daniel Zhang, Head of the Solana Foundation’s Chinese-speaking region, discussed the development ecosystem of public blockchains and the institutional pathways for stablecoins and RWA. As the Web3 industry gradually transitions from a phase of free growth driven by narratives and concepts to an institutionalized phase dominated by institutional capital and built on verifiable records, competition among public blockchains is no longer about who tells the sexiest story, but who can demonstrate a security track record and genuine asset activity that withstands both time and regulatory scrutiny. Daniel explicitly noted that the Hong Kong SFC has currently approved only three spot ETFs for cryptocurrencies: BTC, ETH, and Solana—among which the Solana ETF is the world’s first of its kind launched in Hong Kong. Furthermore, under Hong Kong’s regulatory framework, the number of tokens permitted for retail trading remains extremely limited; in practice, only ETH and Solana are viable public blockchains capable of supporting long-term, large-scale distribution of RWA and stablecoins. He also proposed a highly professional criterion for evaluating a blockchain’s real economic vitality: it should not be measured solely by the total issuance of stablecoins, but by the “velocity of capital”—in terms of transaction volume, Solana currently ranks among the global top tier alongside Ethereum. Wendy likened the role of custodians in this process to a service area along a highway: as traffic (institutional capital) increases, robust fuel stations and support facilities become essential. Both agreed that the window of opportunity for new public blockchains has closed—historical records recognized by institutions and regulators are extremely difficult for newcomers to replicate.

The second panel, moderated by Megan Xiao, Head of Structured Products at BIT, featured Ding Long, Investment Director at TDTC; Charles, CIO of B7 Capital; Hu Xuanfeng, Director of Digital Assets at Fosun Wealth Holdings; and Professor Yu Jianing, President of Uweb, who jointly explored the new phase of digital asset allocation. While investors previously focused on "Will BTC rise?", they now grapple with "I believe in the direction, but can't time the entry"—how to manage this price exposure and employ structured tools for multi-asset allocation is emerging as a new approach. With this question in mind, the panelists offered insights from their respective areas of expertise.

President Wu Weining began by addressing investor psychology: he observed that participants are shifting from speculators to multi-asset allocators, no longer fixated on waiting for the "final drop," and identified four key allocation themes: "carbon-silicon symbiosis, lifespan doubling, quantum leap, and deglobalization." Mr. Hu from Fosun Wealth approached from the perspective of asset characteristics: crypto assets are evolving from "hype concepts" into containers for tokenizing traditional assets, and institutional-grade custodians are the critical infrastructure enabling institutions to truly participate in global asset allocation. Charles, from a quantitative trading perspective, noted that while crypto strategies have higher Sharpe ratios than traditional markets, their stability remains insufficient; the growing presence of market makers and institutions is squeezing arbitrage profits, and high-frequency trading capacity is too limited—the era of passive success through single-direction strategies is fading. Investors should include a portion of stable return products uncorrelated with Beta in their asset allocation and avoid betting everything on cryptocurrency price movements alone. Ding Long from TDTC added from an industry perspective: "mining-produced assets" and "balance sheet management" are entirely different matters; miners must not only assess the stability of their power sources but also leverage structured products from platforms like BIT to manage and enhance cash flow.

Megan, drawing from BIT’s own structured business model, concluded that digital asset allocation is no longer a simple "Buy & Hold" strategy, but a dynamic management process driven by structured tools—identifying trends is important, but anchoring to the right tools and execution pathways determines whether you can navigate through market cycles. BIT’s structured products are the concrete embodiment of this "tools + pathways" approach: by transforming professional strategies such as volatility management and yield enhancement into standardized, accessible products, BIT enables retail investors to achieve structural returns previously accessible only to institutions—without having to build complex positions themselves. This is one solution to the question of "how to allocate."

The forum concluded with a dialogue between Elio Cui, Head of BIT's brokerage business, and Phyrex Ni Da, a renowned top-tier Web3 KOL and on-chain data and macroeconomic analyst, addressing the most highly anticipated topics of the event and further exploring Ni Da’s unique insights.

Regarding the Federal Reserve and Treasury’s policy path for the second half of the year, which has drawn significant market attention, Ni Da offered a judgment differing from mainstream expectations: he believes the Fed will likely hold rates steady this year—“neither raising nor cutting rates.” Ni Da analyzed the economy from a perspective closer to everyday life: from the supply chain transmission of oil prices, to the drag on employment data from immigration deportation policies, to the fact that U.S. debt levels are now so high they cannot withstand further tightening—even the new Fed chair has quietly withdrawn forward guidance. To him, all these signs point to a signal that “interest rates want to move lower.”

Regarding the most market-discussed question—"Why did Bitcoin suddenly surge past $80,000 these past two days?"—Ni Da, a seasoned trader, offers a grounded analysis of market liquidity: the trading volume during this rally has not been exceptionally high; more accurately, "fewer sellers and more buyers" have created a supply-demand imbalance that pushed prices higher, rather than a sudden influx of new capital. On the subject of the bottom of this cycle, Ni Da clearly has a clear picture: he believes the current bottom structure has largely been established, and even if another minor dip occurs, it is most likely to remain within the $57,000–$58,000 range, with the likelihood of breaking below $51,000 now very low. This assessment is supported by his observations of Bitcoin spot ETF flows and institutional positioning: recent ETF inflows have shifted from阶段性 net outflows to sustained net inflows, and most high-net-worth institutions and public companies that have held Bitcoin long-term have not significantly reduced their holdings over the past few months. Some institutions that previously sold off have now stopped selling and stabilized their positions—these signals collectively indicate institutional recognition and confidence in the current price level.

In response to the heated online question of whether young people should use leverage, Ni Da refuses to preach from a position of superiority. He admits that for young people with limited capital, leverage within their risk tolerance is indeed one of the few practical ways to amplify returns; but the real challenge has never been whether to use leverage, but whether one can consistently maintain the ability to stay at the table—that’s the skill requiring long-term learning and practice. When asked about his own "cards in hand," he reveals that he has consistently used BIT’s US stock platform to dollar-cost average into index ETFs like VOO and QQQ, utilizing options leverage and margin trading tools. It is BIT’s secure and stable leverage settings that enable him to enhance his capital efficiency.

From macro debt cycles to stablecoin infrastructure, from the competitive landscape of public blockchains to real-world drawdown data from quantitative strategies, and further to candid insights from seasoned traders on Fed policy and leverage philosophy, this forum stood out for its professionalism, presenting attendees—investors, institutional representatives, and industry partners—with a comprehensive picture of the next wave of investment opportunities. As the attending guests consistently affirmed, "The market never lacks opportunities; it lacks understanding them at the right time and in the right way."

About BIT

BIT (formerly Matrixport), founded in 2019, is a leading global digital asset financial services group. Headquartered in Singapore, the group has offices in seven countries and regions worldwide, connecting traditional finance with digital asset markets through robust governance, technological capabilities, and compliant operations.

BIT provides comprehensive digital asset services for global institutions and professional investors, including trading, custody, asset management, liquidity, and financing solutions, with support for the on-chain integration and application of real-world assets (RWA).Its entities hold appropriate licenses and are regulated in Singapore, Hong Kong, Switzerland, the UK, the US, and Bhutan, including Singapore’s Major Payment Institution (MPI) license and Switzerland’s FINMA Collective Asset Management license.

The group currently manages assets exceeding $6 billion, with monthly trading volumes surpassing $7 billion, has paid over $2 billion in total interest to customers, and is valued at more than $1 billion. It has been featured on the 2024 Hurun Global Unicorn List and the 2025 Singapore FinTech Unicorn List.

Disclaimer

1. This content is provided solely as an activity summary and for general informational purposes only; it does not constitute investment advice, financial advice, tax advice, nor any offer, solicitation, or recommendation for any securities, digital assets, or other financial products.
2. The statements, views, and data presented by the guests are solely their personal opinions, have not been independently verified by BIT, and do not represent the views of BIT or its affiliated entities. BIT makes no representations or warranties regarding their accuracy, completeness, or timeliness.
3. This article may contain forward-looking statements and descriptions of future markets, businesses, or products. Such statements are based on assumptions as of the date of publication and involve uncertainties; actual results may differ materially. The timing and availability of related businesses and products are subject to regulatory approvals and internal arrangements, and may be changed or not implemented.
4. Digital asset prices can be highly volatile and may fluctuate dramatically in a short period due to market, technical, or regulatory factors, potentially resulting in the loss of your entire principal. Past performance is not indicative of future results.
5. Leveraged trading, margin trading, options, and other derivative instruments carry high risks; losses may exceed your initial investment and may trigger forced liquidation. These products are not suitable for all investors. Investors are responsible for their own investment decisions.
6. Structured products and certain services are available only to professional investors who meet the suitability requirements of the relevant jurisdictions. Terms, risks, and applicable investor groups are subject to the legal documentation of the products.
7. The data in this article is sourced from third-party public information and industry statistics, as of August 28, 2026.
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