"Here’s a quick update on my investment logic: First of all, never underestimate the impact of China taxing overseas income, especially on offshore trusts. In the U.S., wealthy individuals can use charities and trusts to avoid taxes. But for wealthy individuals in China, their charities and trusts are directly taxed. Crypto might be one of the few investment scenarios that can help with tax avoidance. Just the offshore assets of Chinese billionaires alone are unimaginably massive—many times the scale of the crypto market. Second, the reason China is aggressively taxing is mainly to fill the ever-growing pension fund gap. And this is a bottomless pit. The methods of taxation will only get more intense in the future. Third, although the recent clear legislation efforts have hit roadblocks, the SEC is still pushing forward with asset tokenization, and I believe this trend won’t change. Wherever exchanges comply with regulations, they provide tax information to that government. China cracking down on exchanges and crypto actually makes it less convenient for taxation. BNB, representing Binance, and OKB, representing OKX, are exchanges deeply trusted by the Chinese community. I believe they have the capability to do a great job with asset tokenization and meet the massive future demand for offshore asset investments." #Crypto #Investing #TaxPlanning #BNB #OKB #Blockchain