Will Bitcoin Hodler be the reason why more countries apply wealth taxes? – TradingView News

Opinion of: Robin Singh, CEO by Koinly

Is there a hook for Bitcoin Hodlers, with the price of the asset since the beginning of 2013 has increased by over 600,000%?

Perhaps – if the governments wake up with Bitcoins, the entire mantra could only “pay taxes if they sell” soon.

What if a wealth tax is the answer to revarch-hungry tax authorities without losing? It is an annual tax on the total net assets of a person – cash, investments, property and other assets – minus debts that are applied, regardless of whether these assets are sold or not. The idea is to increase public income and to contain the inequality, mainly through the taxation of the ultra-rich. A wealth tax has a clip you own, not what you earn.

Countries such as Belgium, Norway and Switzerland have integrated property taxes for old -age systems in their tax systems, and some of the largest economies in the world – such as the United States, Australia and France – have largely controlled themselves.

That could change. More governments observe the wealth taxes for crypto. In December 2024, the French Senator Sylvie Vermeilillet went one step further, as Bitcoin suggested Btcusd Be called “unproductive”, which would mean that its profits are taxed every year – whether it is ever sold or not.

Yes, the favorite word of every asset holder is not realized capital gains tax. It would be naive to assume that other countries do not think about the same idea.

In view of the considerable profits of Bitcoin and the executives of industries such as ARK Invests Cathie Wood, who observe a price of $ 1.5 million by 2030, I would bet that a Magic 8-ball would say: “Signs show yes.”

The growing global interest in wealth tax

It may seem far -fetched, but it is difficult to ignore the profits. The average long-term Bitcoin holder already has significant profits.

The incentive is obvious. Switzerland's wealth tax increases to 1% of the value of a portfolio, and governments know that there is a lot to collect.

Catch countries – sooner or later. Think about how the capital gains tax became the norm.

The United States hired the capital greeting tax in 1913, Great Britain jumped on board 52 years later in 1965, and Australia followed in 1985.

Governments probably take into account the wealth tax

Governments probably entertain the idea – whether they admit them or not. If a country looks at it seriously, Germany could be a first -class candidate, even though it scraped its wealth tax in 1997.

Youngest: Ukraine floats 23% tax on some crypto revenue, exceptions for stable coins

In July 2024, the outsourcing of 50,000 BTC for 58,000 US dollars for the German government might be a clever step. When Bitcoin met 100,000 US dollars in December only months later, it became clear that they left a fortune on the table.

In retrospect, a costly mistake …

Will this be remembered as a mistake when Gordon Brown sold half of the British gold reserves for 275 US dollars per impact?

The impose of such a rule on the rich is associated with obvious risks.

To understand the actual effects of taxation on a country, simply follow the money – especially in which millionaires change. Recent data show that individuals with high network value leave countries such as the United Kingdom in droves and steeper ports like Dubai.

The possible effects of a wealth tax

Will nations risk losing these people in order to use unrealized profits for Bitcoin and other assets?

Bitcoin is fleeting and full of strangers. While some events could lead to massive losses, the governments can still advance with guidelines that ultimately drive away the millionaires, just to realize that the compromise was not worth.

Conversely, US President Donald Trump recently signed an executive order in which a Bitcoin Strategic Reserve was set -a clear allusion to Hodl mentality. Undoubtedly, this has other nations that look at a similar step.

If the nations use the Hodl memorization, could this no longer have wealth taxes on the table in these countries? Only time will show it.

One thing is certain: Bitcoin Hodler has accumulated enough wealth to sit on the radar of the tax authorities. Regardless of whether this causes fundamental political changes or only political major political parts, the crypto community will not sit back quietly.

Opinion of: Robin Singh, CEO from Koinly.

This article serves general information purposes and should not be regarded as legal or investment advice. The views, thoughts and opinions that are expressed here are solely that of the author and do not necessarily reflect the views and opinions of cointelegraph or do not necessarily represent them.