They'll always find a way to tax it. I guess it makes sense to keep buying more BTC now that the price is up around $8,200.
That way if you do spend some, you can match it to the higher purchase price and pay less capital gains tax.
On that note, I wonder if they'll also let us offset any potential losses. What if the price dips and we spend some Bitcoin, which we purchased at today's level, will they recognize the capital loss and give us a tax break on that?
Great strategy @jeromanomic !
And I don't think IRS will give a tax break in case we lose....