Jupiter Zheng, Partner, Liquid Funds and Research at HashKey Capital, was invited to speak at the 2025 Black and Diamond Client Summit, hosted by ARK Wealth Management (Noah Holdings). The summit gathered industry thought leaders, prominent investors, and regulatory experts to discuss transformative trends and the future trajectory of the crypto landscape.

Keynote Address: “Token: The Asset Form in the AGI Era”

In his keynote speech, Jupiter analyzed two critical trends poised to significantly impact the development of the crypto industry in 2025:

Pro-Crypto U.S. Policies

With Donald Trump reelected as president, Jupiter predicts a friendlier regulatory environment in the United States. He highlighted the potential restructuring of regulatory bodies like the SEC and CFTC, which could pave the way for Bitcoin to be recognized as a national strategic reserve asset and drive increased institutional participation.

AI Agents Driving Adoption

Jupiter elaborated on how AI agents can simplify crypto transactions, enabling even non-technical users to easily navigate the crypto ecosystem. He forecasted that by 2026, these innovations will lower entry barriers and unlock market opportunities worth trillions of dollars.

Additionally, Jupiter discussed the upcoming Bitcoin halving cycle. While he acknowledged that the price surge might be less dramatic compared to previous cycles, he noted that substantial growth is still likely.

Panel Discussion: “To Crypto or Not To Crypto—Is Digital Currency an Investment of Faith?”

In a panel discussion moderated by Carl Wong, Managing Director, Olive Asset Management, Jupiter joined James Cheng, CFO of Canaan Inc. and HashGlobal Founder, James Shen to discuss key topics shaping the crypto landscape:

Driving Institutional Participation Through ETFs

Jupiter emphasized how financial products like Bitcoin and Ethereum ETFs are channeling institutional capital into the crypto market and solidifying cryptocurrencies as a mainstream asset class.

Integrating Crypto into Investment Portfolios

Drawing on research from HashKey Capital, Jupiter recommended allocating 1–5% of traditional portfolios to Bitcoin, highlighting its ability to enhance risk-adjusted returns without significantly increasing overall volatility.

Digital Assets as a Tool for Wealth Transfer

Jupiter explored Bitcoin’s role in wealth preservation, noting its appeal to younger generations concerned about fiat currency stability and its potential as a fully digital asset for intergenerational transfer.

Jupiter’s Vision for 2025“Crypto is poised for a breakout period, fuelled by supportive U.S. policies, AI-driven innovation, and the evolving role of digital assets in portfolios,” Jupiter remarked. “At HashKey Capital, we are committed to empowering institutions and retail investors alike as they navigate this transformative era.”