Bitcoin & Taxes Bitcoin = Currency/Money. I personally think it is ridiculous that just holding a form of money and making profit on it is taxed as ordinary income, capital gains, or even with realized or unrealized gains depending on which country you are. You were smart enough to hold gold while a fiat-currency collapsed, good for you. You were early to bitcoin, good for you. Why would you be ´punished´ for holding the hardest form of money, bitcoin? I am not against taxes at all. Society needs to pay for certain things and that makes total sense. Income tax, wealth tax, are excessive in many places, but a reasonable amount makes sense to keep society functioning. And trust me, i have paid and am still paying my fair share. But if you already pay income tax, are smart enough to put what is left after income tax in bitcoin, pay a wealth tax on that every year on top, have to pay inheritance tax on it when you die, and on top realized or unrealized gains just because you were early or smart to hold the hardest form of money is criminal in my humble opinion. I will personally never be a tax resident in a place that basically erodes my bitcoin stack year by year ´punishing´ me for holding the hardest form of money. Some wealth tax, fine, no problem. But what some countries are planning on realized or unrealized gains taxes on bitcoin is something totally unacceptable to me and i will move places accordingly until i can pay with my bitcoin in more places directly. You were early to bitcoin? Good for you. I congratulate you. No reason that the state slowly steals your stack.