Tax day musings, part two:

If Bitcoin is a currency then value gained exchanging Bitcoin for fiat isn’t taxable.

The GOV treating it like a commodity implies that they recognize it’s store of value function.

But, is it a commodity?

Overtime technology leads to decrease in commodity prices. Humans figure out ways to get stuff cheaper, more efficiently.

Bitcoins value is unlikely to decrease with technology advancements, not behaving like a commodity.

GOV: ???

Me: Anyone? Bueller?