I agree the reward bitcoin should be untaxed as an income event when you get it as “cash back” although I’m less certain about the 5-10 says I get from daily spins. BUT, It is all still subject to capital gains when you sell it regardless of how you got it. Whether you need to keep it separate from your purchased bitcoin is up to you.
Discussion
The daily spins are still considered a gift as they accrue in the same stack.
Not subject to CG if you don’t sell it but just spend it. Then you would only pay sales tax IF the vender is collecting it.
You should talk to an accountant because I don’t think this is accurate in the US.
You’re not wrong - talk to a tax lawyer and accountant. This is the best discussion I’ve heard so far about reward Bitcoin and Fold. Jack talks about at the start and in more detail at the 26:29 of the podcast. That said the podcast is older and some of the tips to min/max rewards have changed on the Fold card. https://fountain.fm/episode/h1l6jDMclz535dHk1W2W