In the first week of 2026, the global financial world is brewing a "perfect storm" that could change the market landscape. The new Federal Reserve Chair candidate is about to be announced, and this new leader's policy stance will directly influence the pace of interest rate cuts in 2026. Meanwhile, the "Era of the Stock God" is coming to an end as Warren Buffett officially steps down as CEO of Berkshire Hathaway. Additionally, there is a new development in Hong Kong's tech sector—two major tracks, GPU chips and Physical AI, are simultaneously listing companies. These events, stacked together, what kind of shocks might the crypto market face?

Let's first look at the Fed's move. Trump will finalize Powell's successor in early January, with the most discussed candidate being Federal Reserve Board member Waller. This official has a relatively open attitude toward digital assets—he has publicly stated that there's no need to fear blockchain technology excessively, which is quite rare in traditional finance circles. Once the new chair is confirmed, the space and pace of rate cuts could be adjusted accordingly, and the liquidity environment will shift, with the crypto market naturally being the first to feel the impact. Additionally, the Fed minutes released at the end of December show clear disagreements among officials regarding rate cuts, and this uncertainty alone is enough to stir market sentiment.

Next is a landmark moment in the investment world. Starting January 1, 2026, Warren Buffett will no longer serve as CEO of Berkshire Hathaway, with Todd Abell taking over. The nearly 60-year investment legend has reached this turning point. Although Buffett will retain the chairman position, the market has already responded—Berkshire Hathaway's stock price dropped 12% after the announcement. This reflects the market's re-evaluation of the so-called "Buffett premium." The logic of global value investing may need to be reconsidered.

In the tech sector, Hong Kong stocks are also showing ambition. On January 2, GPU chip company Bairun Technology (06082.HK) will officially go public, with an issue price between HKD 17 and 19.6. The company holds orders worth 1.241 billion yuan, with 23 cornerstone investors subscribing to $372.5 million, and the funds will be used for the development of next-generation AI chips. On the same day, another new stock in the Physical AI field, Wuyi Vision, is also listing, making it a double shot in Hong Kong's hard tech scene.

On the economic data front, China will release its manufacturing PMI data on December 31, and the US will publish its PMI on January 2. Coupled with the Fed minutes, the rising tide of paper industry price hikes, and restrictions on silver-related funds, each of these could impact their respective market sectors.

The policy shift of the Fed, the reshuffling of the value investing landscape, and the rising wave of AI computing power—these three forces are emerging simultaneously. What kind of liquidity shocks might the crypto market face? Among these events, which do you think is most likely to create investment opportunities for digital assets?