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Rumors of US Tax Reform Stir the Market, Crypto Assets Become a Safe Haven for Capital

Recently, a major signal has emerged from US policymakers: federal personal income tax may be adjusted and replaced by import tariffs as a primary source of fiscal revenue. This potential shift is triggering a chain reaction across global financial markets.

**Three Dimensions of Policy Change**

What does this mean from a personal wealth perspective?
- Less tax withheld from wages, increasing actual income for workers
- Higher costs for imported goods, putting upward pressure on living expenses
- Improved relative competitiveness of US-made products

**Deep Tremors in the Economic System**

Policymakers’ logic is clear: reduce income tax to encourage consumption and investment, and use import tariffs to offset the fiscal gap. However, the uncertainty brought by this policy combination is intensifying:
- Global trade patterns face restructuring
- Inflation expectations are being repriced
- Volatility in commodity and currency markets is increasing

**Micro-Level Observations on Capital Flows**

In this macro environment, capital is seeking new allocation directions. Crypto assets, with their strong cross-border liquidity and insulation from traditional monetary policy, are attracting some risk capital. The recent increase in trading activity of projects like $GLM, $MDT, and $WIN reflects the market’s real demand for hedging tools.

**Considerations for Investors**

In times of major change, asset allocation priorities are shifting. Increased wages → higher spending costs → more pressure on savings → greater need for asset preservation. This logical chain is prompting a reevaluation of both traditional and emerging asset classes.

Markets run 24/7; a clear analytical framework is more important than emotional reactions. Do your homework and understand the underlying logic of these changes to find direction amid volatility.