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?
It is better for that person to consult with a tax attorney as the laws of each country are different, however in some jurisdictions if you hold an asset for longer than a year before you sell it then you do not need to pay any taxes on it, so if such a law applies to him then he does not have anything to worry about, however he still needs to report this on his tax declaration, otherwise he may get in trouble even if he was not supposed to pay any tax when he sells his coins.