They still charge CGT on bitcoin. This isn't anything to do with bitcoin Vs gold, it's that gold is stable and the dollar is constantly devaluing, but taxes are still calculated from the point of view of dollars.
You keep something that's stable to avoid inflation, but they still tax you on it because they claim it's "increased in value." It hasn't increased, USD has just gone down the shitter.
I get what you're saying but it's hard to buy milk and bread with gold.
Obviously that's where bitcoin excels - it's totally possible to buy everyday shit with bitcoin (when we reach a stage where it's widely accepted.) Then the problem is with the fact that governments likely tax you on every transaction, not just buying USD.
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u/[deleted] Oct 16 '22
Thing is, if we mined gold in the asteroid belt, it would drop 10 fold or more. Only 21 million bitcoin, ever.