Today I came across some pretty explosive news—Trump has thrown out a new idea, and this time it’s pretty bold: he’s considering using tariff revenues to completely replace personal income tax.

What does that mean? Simply put, American workers might no longer have taxes deducted from their wages and could take home their full salary. As soon as this news broke, the crypto community lit up, with all kinds of interpretations flying around.

Theoretically, if this move were actually implemented, the impact would be far-reaching. First, people’s disposable income would increase. Where would this extra money go? The stock market, real estate, and cryptocurrencies could all get a share. For funds already looking for safe havens or growth opportunities, digital assets like Bitcoin could become even more attractive. Furthermore, once the traditional tax system is changed, it’s bound to reshuffle capital flows.

But thinking calmly, the risks are obvious. Dramatically higher tariffs would mean soaring costs for imported goods, increasing inflationary pressure and potentially straining global trade relationships even further. If this ultimately triggers an economic downturn, market panic could set in, and capital might flee from risk assets—with crypto bearing the brunt. Plus, policy uncertainty itself is a source of volatility, so sharp swings in market sentiment in the short term are almost inevitable.

To be honest, this plan would be extremely difficult to implement. Can tariff revenues really cover the fiscal gap left by eliminating income tax? Many economists are skeptical. But the market never waits for policy to be fully clarified before reacting—sentiment often moves first.

In this situation, here are a few thoughts for your reference:

· Don’t rush to chase the rally—wait for clearer policy signals before making a move
· Keep a certain proportion of your holdings in stablecoins to give yourself some flexibility
· Watch institutional fund flows, especially Bitcoin ETF subscription and redemption data
· Diversify your portfolio—don’t put all your assets on a single platform or in a single coin

Major policy shifts are usually accompanied by both opportunities and pitfalls. Staying clear-headed is much more important than trying to be the fastest. In times like this, staying steady helps you see further.