So, a senior citizen in one of the western countries makes a complaint that he preferred the 1950s when everything made sense and life was simple. He loves the analog times more than the digital. Despite this, he trusts Bitcoin self-custody, and that is the reason why he holds bitcoin. He complains that his bitcoin just sits in his hard wallet, and he doesn't even know what to do with it. According to him, his fear is that if he sells it during the next bull run, he will be taxed, and he doesn't want that. A question arises: Would taxes still be applicable if a time comes when exchanging bitcoin for fiat is no longer necessary?
Have you ever read this source:
Some things you need to knowAt that source - there are important points that you need to pay attention to even though they are at the end of the page. Here's the quote:
Bitcoin is not an official currency. That said, most jurisdictions still require you to pay income, sales, payroll, and capital gains taxes on anything that has value, including bitcoins. It is your responsibility to ensure that you adhere to
tax and other legal or regulatory mandates issued by your government and/or local municipalities.
With that being said - I can assume that you still have to pay taxes on what your country's government has regulated including bitcoins. If bitcoin has been adopted as legal tender and you profit from it through investment and trade - then you are still liable to pay value added tax to the government.