Ok, for that to work, Bitcoin would need to be defined as a currency and not property. Because it's considered property, the value as we move capital in and out is what is taxable as income. Unless I'm not understanding what you mean...
Discussion
Correct, I would like it classified as currency, personally
But likelihood of that in our lifetime? Meh
I think it unleashes its full potential if itβs given all systems go as peer-to-peer medium of exchange. The rest falls into place. But of course, this will come last or not at all
Do you think it could happen sooner if more countries start treating it as a currency?
Could start a movement of people to change locations and minds.