There's been a lot of chatter and interaction on Twitter about 'Fei Peng' these past couple of days. I don't know him personally, but given the buzz, I'm curious to find out who Fei Peng is and what impressive things he's done?
Why is everyone paying attention to someone who transitioned from traditional finance to the crypto space? What makes him stand out?
#付鹏 , currently the Chief Economist at the Hong Kong-listed company Bitfire Group (formerly Huobi Technology, with the controlling shareholder being former Huobi founder Li Lin), while also serving as the Chief Economist at Avenir Capital.
He's a columnist for Wall Street Insights (Fei Peng Says), author of the books (Witness the Countercurrent) and (Witness the Linkage). With a strong background from studying in the UK, he accumulated global macro hedge strategy experience at firms like Lehman Brothers and Salomon Smith Barney. After returning to China, he served as the Chief Macro Economic Advisor/Chief Economist at Galaxy Securities, Anxin Securities, and Northeast Securities.
He left Northeast Securities in April 2025 (officially cited health reasons) and officially joined New Fire Group in April 2026, marking his 'career shift' into the crypto field.
On X, his account is managed by an outsourced operations team, and he has over 44,000 followers.
His posts are mostly in English/bilingual, continuing the traditional FICC (Fixed Income, Forex, Commodities) framework to interpret crypto assets—like viewing Bitcoin as a 'lease asset' (generating stable cash flow via perpetual contract funding rates), the 'rent collection' logic of commodity ETFs, and the three-tier regulatory framework of the Clarity Act concerning digital assets, emphasizing 'unidirectional integration': it's not Wall Street entering the crypto space, but crypto being absorbed into the traditional financial order.
On X #币圈 The OG interactions and comments: from the 'blacklist incident' to the surge in influence, the peak moment was the 'blacklist incident' in late April 2026: his X account massively blocked (blacklisted) a batch of crypto KOLs, instantly igniting discussions in the Chinese crypto community.
The community jokingly says, 'If you haven't been blacklisted by Teacher Pu, you aren't popular enough,' interpreted as a 'psychological defense after the traditional camp's failure in a dimensionality reduction attack' or 'PR masterstroke.'
Pu Peng said, many people have no idea what I'm talking about, but the large-scale BTC spot holders who survived the early stages know exactly what I mean. Haha, there’s nothing new under the sun; at a certain dimension, you can understand what someone is saying in just one or two sentences.
Indeed, many people don’t get it, and this content isn’t something that crypto folks are willing to buy into; now, Pu Peng has deleted that tweet.
Some see Pu Peng's entry into crypto as a signal of institutional direction, while others view it as a traffic spectacle, and some see him as a 'mirror for outsiders.' However, this blacklist incident allowed him to quickly accumulate followers, establishing Pu Peng's persona on X.
As for whether Pu Peng is a bridge between crypto and traditional finance or just another 'old school,' his crossover essence reflects the collision of traditional macro practitioners with crypto's native culture.
The crypto space is the platform that values practicality/ability the most; those who have track records are the ones who qualify. Pu Peng has already sold courses and harvested profits in the traditional financial market before, and he has talked about it.$BTC , but whether crypto users will buy into it now depends on his strength.