One of the major reasons of this much increase in the number of investors who are investing a huge amount of money into bitcoin and that too in such a short span of time is the tax free nature of bitcoin which makes all the investors of bitcoin not to worry of paying anything to the government in the form of tax. Moreover, this also helps the investors to make more money by investing in bitcoin.

But, when we are depending on bitcoin to be converted into fiats through exchange services then taxes will be automatically applicable and there will be no point of having bitcoins for saving tax benefits.