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?
This issue of taxing with btc transaction is just what the government uses as an edge since they themselves cannot control users fund with the decentralized nature of Bitcoin so it's only understandable that they tax it and many countries including mine which CBN previously banned the use of crypto are now looking other initiative to actually be able to task crypto transaction.