If I had to guess, there won't be a "Boot Camp Assistant" anymore. Microsoft doesn't make Windows 10 for ARM64 generally available. It has to be specially licensed for OEMs.
That's the real reason that "Boot Camp" could be going away - it's not just about the CPU, it's about the architecture of the
whole system - and Intel Macs are basically industry standard PCs running UEFI firmware - the very first Intel Macs lacked the UEFI BIOS compatibility firmware module, but hackers were able to fix that by installing a generic version before Boot Camp appeared. I could install Windows XP or x86 Linux distros on my Mac Pro 1.1's "bare metal" by feeding it an unformatted HD and booting from a regular XP or Linux installation CD or stick. Then it was just a case of hunting down Windows drivers for sound, HD controller etc. Boot Camp was just a click'n'drool helper tool to help with partitioning hard drives, downloading drivers and smoothing out minor incompatibilities between various incarnations of Mac and the Windows installer - all of which could be done manually if you had nothing better to do.
With ARM Mac we don't yet know what hardware/firmware architecture they're going to use, or whether the firmware will 'emulate' standard disc controllers etc. for functions that are handled by the SoC. There are emerging standards set by ARM and the developers of ARM server hardware which Apple may or may not follow, but unless/until there are compatible distros of ARM Windows or ARM Linux available, bootcamp is not going to be much use.
Hypervisors like Parellels and MacOS's built-in Hypervisor Kit simulate "standard" hardware as part of their job anyway - so they'll probably run off-the-shelf ARM Linux as well as ARM Windows if/when MS make it available.
Dual-booting is a pretty inefficient way of doing things anyway when virtualization is so much more flexible (no more disc partitions, or needing to read APFS partitions from Windows, NTFS from MacOS etc., snapshots etc. - developers use virtualisation for testing even when they're using PC hardware because things like snapshots are so darned useful)
I use Mac’s for 95% of my work. But I have some trading software that only works on windows and I don’t want to buy a windows machine for that little ocasional use.
That is the sort of thing that would probably work usably under x86 emulation. It's also the sort of thing that will be increasingly moving to cloud-hosted web apps over the coming years (regardless of what Apple do). Remember - Apple have basically said that they're releasing more Intel Macs this year, that it will be 2 years for all Mac hardware to be ARM-based - so it's not a problem that you need to solve tomorrow.
In the keynote they literally said and showed MacOS Big Sur running a virtual machine Linux.
...which was probably an ARM Linux distro with Parallels making it think it was running on a Raspberry Pi or an ARM server box of some description.
My guess is that:
(a) MS
will find a way of running ARM Windows on a Mac, but probably via virtualisation with some sort of Parallels-or-VMWare+Windows bundle. Remember - PCs overall may outnumber Macs 10-1, but the Mac is still among the largest-selling
single ranges of personal computer, and if ARM Macs are even a modest success they will quickly become MS' biggest market for ARM Windows...
(b) Someone like Parallels will offer an "x86 Windows on ARM" tool that is
basically a Remote Desktop client hooked up to an x86 Windows instance somewhere out in cloud-land, with enough bells and whistles to make it a better proposition than "rolling your own".
The inescapable problem is going to be people running "high performance" creative or scientific software under Windows that actually demands Window running on bare metal. Frankly, though, I can't understand why someone would want to do that when it will work better on PC hardware that gives you far more bangs-per-buck than current Mac offerings. But then I'm an old fart for whom carrying a Dell XPS, ChromeBook
and an Air-sized ARM MacBook Pro would
still be lighter than a PowerBook G3....