OKX founder predicts the trend of Bitcoin and Altcoins: "The future period will be very different"

OKX创始人徐明星：比特币与加密市场已步入全新周期，区块链技术将重塑全球金融体系

OKX创始人徐明星表示，比特币及整个加密货币市场已进入一个与以往周期截然不同的阶段。他预测，在未来十年内，区块链技术有望从根本上改变全球金融系统。

在近期参与的一次节目中，徐明星回顾了加密货币行业过去15年的发展轨迹。他指出，自2011年以来，比特币经历了多次重大危机并成功克服挑战。从早期的网络技术问题、Mt. Gox交易所的倒闭，到比特币现金（Bitcoin Cash）和比特币SV的分叉事件，再到FTX破产风波，每一次危机过后，该行业都变得更加壮大和坚韧。

超越投机：构建更大的金融生态系统

徐明星强调，比特币和区块链已不再仅仅是投机的投资工具。他提到，个人资产托管、点对点转账、透明的区块链基础设施、以太坊智能合约、稳定币以及代币化金融资产，正逐渐形成一个更为庞大的金融生态系统。他认为，在不久的将来，区块链将成为世界金融基础设施的重要组成部分。

“未来十年的变革幅度可能远超过去十年。”徐明星描绘了一幅相当乐观的图景。他指出，随着稳定币和代币化股票等新应用场景的出现，区块链技术的采用率将进一步加速。

Demand-driven by the new generation of financial services

Xu Mingxing believes that the younger generation is more inclined to use all-weather, global, fast and low-cost financial services. In contrast, the traditional financial system lags behind in the transformation of communications and Internet technologies. He emphasized that blockchain and stablecoins have significant advantages in global payment and settlement systems.

Looking to the future, especially the new era that begins in 2026, Xu Mingxing predicts that changes in the fields of cryptocurrency and blockchain will be more far-reaching. He predicts that tokenized stocks, stablecoins and on-chain financial products will become core components of the next generation financial system.

Exchange transformation: From trading platform to integrated financial service provider

Regarding the future of centralized cryptocurrency exchanges, Xu Mingxing believes that its role will also change. He pointed out that the future platform will no longer be limited to a trading venue for buying and selling bitcoins or altcoins, but will evolve into a comprehensive financial services platform that provides fund storage, payment, investment and access to global financial assets.

Xu Mingxing said that blockchain technology will make it easier for companies to reach global investors through assets, and decentralized finance (DeFi) and decentralized exchanges (DEX) will also play an important role in this transformation. For example, a model that uses tokenized stocks as collateral and obtains loans through blockchain will make many processes in traditional finance more transparent.

In addition, as on-chain transaction infrastructure develops, even matchmaking engines and clearing processes may migrate to the blockchain. In this system, regulators can track transactions in real time through blockchain rather than relying on financial institutions to submit regular reports.

The importance of long-term perspectives and regulatory frameworks

Xu Mingxing noted that many crypto market investors pay too much attention to short-term price fluctuations and ignore the long-term transformation of the industry. He reminded investors that maintaining a long-term perspective is critical to traveling through different market cycles and benefiting from the growth of the blockchain industry.

At the same time, he also believes that regulation will play an important role in the future development of the industry. He specifically pointed out that Europe's regulatory framework is expected to allow crypto companies to operate under standards similar to traditional financial institutions. He emphasized that protecting customer assets, transparent verification of reserves and independent audits are basic requirements for the industry.

Become the daily infrastructure of billions of people

At the end of the interview, Xu Mingxing reiterated his optimism for the next few years. He predicted that a new financial system is expected to be born by combining stablecoins, tokenized stocks, licensed centralized exchanges and decentralized trading platforms.

Xu Mingxing foresees that within a few years, people will be able to manage funds in digital wallets, make payments via blockchain, and have direct access to numerous assets, including tokenized stocks. With the development of personal custody technology, investment strategies can be run directly in users 'own wallets, without the need to entrust assets to third parties.