On July 11, the Kuomintang legislative caucus passed a special budget of 545 billion yuan with the support of the Taiwan People's Party, which includes "distributing 10,000 yuan to all citizens". The funds can be received through five methods, including direct bank transfer, online banking, ATM, and post office, by the end of October at the latest.
Coincidentally, BTC also broke its historical price record today (11th), reaching 118,869 USD on the Binance spot market. If one uses the 10,000 yuan distribution to buy BTC, would it be a fast track to wealth or a high-risk gamble?
Special Budget Policy Background
The original executive yuan plan was a 410 billion yuan special budget to "enhance economic, social, and national security resilience in response to international situations", which included 150 billion for national security resilience, 93 billion for economic industry support, and 167 billion for social support, including a 100 billion subsidy for Taiwan Power Company.
After the blue camp's version was overturned, the Taiwan Power Company's 100 billion subsidy was removed, and part of the over-collected tax revenue was instead allocated to distribute 235 billion yuan in cash. KMT legislator Wang Hong-wei emphasized:
"Returning money to the people 2.0, directly giving back the over-collected taxes to citizens."
DPP Secretary-General Wu Sz-yao criticized:
"How can we find the funding source when the budget has skyrocketed to 545 billion yuan?"
10,000 Yuan Meets BTC
BTC price has risen to 118,000 USD, with a 26% increase this year. Standard Chartered Bank has called for a year-end target of 200,000 USD, with some analysts even looking at 250,000 USD. Currently, 10,000 New Taiwan dollars can buy about 0.0003 BTC, and the current market seems attractive with abundant positive news.
Historically, BTC has experienced multiple sharp declines, with volatility far higher than traditional assets. Regulatory policy shifts, exchange hacks, and other black swan events could cause the 10,000 New Taiwan dollars to shrink instantly. Block reminds that for the general public, adding BTC to asset allocation is quite normal, but for investors without specialized research, it's safer to keep BTC at 5% to 10% of total assets to avoid a single fluctuation dragging down overall finances.
How to Choose Without Regret
For those economically comfortable, 10,000 yuan can be seen as "test money" for trying crypto assets. For those with tight budgets, repaying credit card debt or saving as an emergency fund might be more beneficial. Regardless of the final decision to invest, consume, or save, don't ignore the basic principle: first understand your risk tolerance, then consider the return potential. Statistically, solid wealth is not won in a single bet, but accumulated through long-term discipline.
Whether to buy the rapidly rising BTC with this unexpected 10,000 yuan seems like a moot point. The author would buy it because without the Taiwan Power Company subsidy, electricity prices might quickly rise, and hopefully, BTC's price increase will be faster than the electricity price hike.
