But the IRS has already declared Bitcoin a taxable as either income or as a capital asset. See https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Tips

But the IRS has already declared Bitcoin a taxable as either income or as a capital asset. See https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Tips-for-Bitcoin-and-Virtual-Currency/INF29402.html https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax... This legitimizes Bitcoin and allows the US government to benefit from its ongoing use, just as with other assets.