It wouldn’t actually work like that. Assuming the value of the BTC goes up only a small portion go to taxes and the rest of the gain actually makes the bills you pay cheaper.

Let’s say you have $110 for a bill and you bought $100 worth of BTC. Also assume you have ~25% tax rate. If the value of the BTC appreciates 10% to $110 and you pay that bill, $2.50 would go to the government and you gained $7.50 that went towards the bill payment that you wouldn’t have otherwise if you were just holding fiat. 🤯