Holding Bitcoin is no different, legally, than holding bars of gold. And yet many people hold gold, or other precious, non USD materials, but nobody freaks out

Holding Bitcoin is no different, legally, than holding bars of gold. And yet many people hold gold, or other precious, non USD materials, but nobody freaks out about their about tax fraud risks. If the government starts coming after everyone's non USD commodity holdings (which, to be fair, isn't entirely unprecedented. Owning gold was illegal at one point), then we have much bigger problems than just as it applies to the comparatively tiny crypto market.