The news just exploded again—the candidate for the new Federal Reserve Chair has basically emerged, and it’s none other than Kevin Hassett. Those familiar with him know he’s a well-known dove. Take a look at his past statements: “The current interest rate level is obviously too high,” and “I would choose a more aggressive rate-cutting path.” The signal is clear enough, right? The liquidity floodgates may be loosening.

The forecast from CICC is pretty interesting: during the official nomination stage in Q1 next year, market expectations will start to heat up in advance, and US Treasury yields and the dollar index will most likely see a round of pullback first. What does this shift in the macro environment mean for risk assets? Room is being made available.

My judgment is simple—this round of personnel changes is essentially preparing liquidity for the next market rally.

Why do I see it this way? A few reasons:

Expectations for funding costs are changing. Hassett belongs to the “economic growth first” camp, with a core goal of lowering borrowing costs. When money really gets cheaper, institutional funds will naturally move from fixed-income products to high-volatility assets, and assets like Bitcoin and Ethereum will be among the recipients.

Policy direction may shift. This guy isn’t just a core advisor; he’s also served as a consultant for Coinbase and holds a large position in its stock. With this background, can his attitude toward the crypto industry be as conservative as previous regulators? Frameworks like the “GENIUS Act” for stablecoins may have more flexibility in implementation.

What should retail investors focus on now?

Stop staring at the intraday charts all day. The macro landscape is already being reshuffled. My approach is:

Take advantage of every panic-driven dip right now to build positions in core assets in batches. Hold a base position in mainstream assets like Bitcoin and Ethereum, and add some application projects that can capture traditional funds. If you wait until everyone wakes up and starts FOMOing like crazy, you’ll just be left holding the bag.

If this “liquidity easing playbook” really plays out, which type of coin do you think will respond first? Layer2 infrastructure? AI+Crypto integration projects? Or the sentiment-driven MEME sector?