A few days ago, I saw some news where a certain politician made a public statement: "I believe that in the near future, you won't have to pay income tax at all." As soon as this was said, the market started interpreting it in all sorts of ways.

First, let's talk about what this actually means. Income tax is the lifeblood of modern national finances and makes up the bulk of government revenue. If this chunk is really going to be touched, either the focus will shift to other types of taxes (like consumption tax or tariffs), or the gap will have to be filled by printing more money. No matter which path is chosen, the result is the same—the purchasing power and credibility of fiat currency will face a huge test.

So what does this have to do with cryptocurrency? A lot.

First of all, taxation is essentially an expression of state power. Why are you required to hold fiat currency? Because the government requires you to use it to pay taxes. If the tax system really undergoes a fundamental transformation, people will have one less important reason to hold fiat. Naturally, capital will look for alternatives, and non-sovereign assets like Bitcoin will become options.

Secondly, Bitcoin is inherently censorship-resistant and globally transferable by design. If the future fiscal system becomes more uncertain, the value of these features will be reassessed. In the past, people saw it as "digital gold," but in the future, it might be viewed as a more practical tool.

That said, don't overreact. There's often a vast gap between a politician's promises and what actually gets implemented. Such radical statements are more like attention-grabbing tactics; the difficulty and resistance to real implementation are hard to imagine. In the short term, the market might panic over "fiscal uncertainty," causing all risk assets to be sold off.

So, looking at it calmly, this mainly provides a new perspective: when the sustainability of traditional fiscal models is questioned, the narrative for alternative assets becomes more convincing. But this is a long process—not a story that will come true tomorrow.

Hold on to your spot positions, and don't get distracted by short-term noise. What you're waiting for is the turning point of an era, not some Twitter account's offhand remark.