Here is something simple. You don't get to decide what BTC is for tax purposes. That is decided by whatever country or countries you are tax resident. If, f

Here is something simple. You don't get to decide what BTC is for tax purposes. That is decided by whatever country or countries you are tax resident. If, for example, they decide your transactions are a deemed disposition an an asset, you owe capital gains tax on it. It really is that simple.