Zhang Jun: AI and Geopolitics Reshape the Macro Framework, Token Expected to Become the New Monetary Anchor

At the 2026 mid-year strategy conference, Chief Economist Zhang Jun of Galaxy Securities stated that AI and geopolitics are reshaping global macro trends, with AI driving K-shaped divergence in the economy and markets, and geopolitics triggering six major reconstructions including the monetary system. Zhang Jun believes that Tokens, due to their high-frequency real demand, standardized attributes, and decentralized features, are expected to become the monetary anchors in the AI era.