Recently, I saw some people discussing a hypothetical scenario: if authorities really wanted to strictly regulate OTC traders, wouldn’t it actually be technically easy to achieve?

Imagine this scenario—the regulators would just need to bulk register accounts on mainstream platforms and conduct a transaction with each of these traders to obtain all the relevant information. But in reality, this kind of operation hasn’t happened on a large scale. What are the considerations behind this? Could things change?

From another perspective, BTC is classified as a commodity in some regions. Since it’s considered a commodity, the legality of buying and selling itself seems justifiable, right? What would happen if people bypassed stablecoins and conducted C2C transactions directly with BTC?

This could trigger a chain reaction: the existing USDT liquidity might be squeezed, and the fastest way to cash out would become converting to BTC first. The shift in demand could directly push up BTC’s price, and new capital entering the market would likely prioritize allocating to BTC. In a sense, this could actually accelerate BTC’s mainstream adoption, encouraging more people to truly hold and use it.

Of course, this is just speculation—the market will always find its own path.