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?
Just like fiat money where people are taxed through VAT in most items they purchase, same will apply for in those countries that accepts payments with bitcoin. Except for people that are tax invaders, otherwise I don't understand why the said man is scared of paying a little token as tax for coins he has made and still would make more profit in the event of the next bitcoin ATH.
For countries like ours were there are strict policies against cryptocurrency use, if it were only a thing of tax payments we won't be having issues with it, but unfortunately different is the case.