my big worry is if i do not report now, they may come at me 5-10 years from now with interested owed.
If Bitcoin is still worth anything 5-10 years from now and you own some now you'll likely be able to manage that risk by just moving outside their jurisdiction.Unless the OP renounces citizenship (not a bad idea right now), moving does nothing except offer a potential 95K tax credit if you live 330 days (or something like that) outside the USA.
The only country on the planet that taxes its citizens regardless of where they live.
...the land of the free
