Interpret what today's Circle listing represents
You may not know this company, but you only need to know USDC, which is the issuing company of USDC, a stablecoin issuance company. What does the listing of a stablecoin issuance company represent? It represents the United States recognizing the legal status of digital dollars. This is somewhat positive, but for us, it's a big negative.
Everyone should know that each person has a limit of 50,000 US dollars. Exceeding this limit means you have to pay and report it. Now that USDC is fully recognized, through C2C, it means you can exchange as much as you want. USDC is a product of CIRCLE. How do you tax the purchase of these products? Is it accounted for as digital dollars or as goods? Digital dollars are not allowed for personal purchase; how do you pay taxes on goods?
Assuming another regulatory policy is introduced domestically, then one can buy BTC at a 50% discount.
Brothers, we need to have risk awareness.