Recently, regarding the stablecoin policy from thirteen departments, some people are even worried that buying or selling USDT will become illegal in the future, and say that because of this policy, Bitcoin will fall below $50,000. My thinking might be different from everyone else’s, so I’ll give you a reassuring countermeasure.

I don’t use USDT for trading; I use C2C to buy and sell Bitcoin. What if that becomes restricted? When redeeming USDT turns into a cash run, the fastest destination for USDT will be to instantly convert it all into Bitcoin. Bitcoin might be instantly pumped to $500,000 or $1,000,000, entering the million-dollar era ahead of schedule. Will these major policies still work then? Just like when this policy was announced, the price didn’t drop at all. It was published on Sunday, the price didn’t move, and it only dropped on Monday because Japan was going to raise interest rates, not because of domestic policy. In fact, it’s gone up now; policies that lose their influence are basically ineffective and even counterproductive.

More importantly, such policies are a last resort, because they can’t solve the technical issues behind money laundering (RMB can also be laundered, and the amount of dark money being laundered now is even greater than the 38 trillion in legal money, with the global total at 1,000 trillion—you can look up the data or check out the real world versus the dark world. The entire digital currency market is only over 20 trillion, and how much laundered money is involved? It’s less than 0.5%. Are you saying RMB is illegal too?) and capital outflow (RMB underground banks don’t cause outflows? Their scale is far beyond what you imagine). The policy says it’s illegal to use USDT, etc., for illegal activities, not that holding USDT itself is illegal. I just buy and sell USDT normally, and as long as I’m not using USDT for money laundering or capital flight or other illegal things, it’s fine. Some people probably hold more Bitcoin and USDT than ordinary people combined! The authorities have already made it clear: holding Bitcoin and other digital currencies is not illegal! But using digital currencies for illegal activities is illegal. You can’t provide business services that facilitate this! You can’t run an exchange, can’t do ICOs, and can’t use USDT for foreign exchange, that’s it!

Back to the point: you can place a sell order for Bitcoin at $1,000,000 in advance, then exchange back to USDT. USDT may briefly lose its peg, but this de-pegging is not a systemic risk; it’s not because Tether itself has collapsed, and the price will rise back. So you’ll make a huge profit.