Oddbean new post about login | logout I think we'll see Bitcoin become a government reserve asset before they eliminate a capital gains tax on sales below a certain amount. Because governments will want to acquire more Bitcoin before they allow *you* to acquire more through buying and selling..
I don’t think currency-printing governments have any reason to acquire #Bitcoin. The State doesn’t need money. The State prints money. What the State needs is your labor, which it compels through taxation that’s assessed and payable in its own currency.
They're not going to eliminate capital gains on using bitcoin. They're going to use it as an excuse to bust down our doors and steal the bitcoin. That's the plan. What other plan could they actually have? That's what they do.