The article explores the potential impact of changing the tax treatment of Bitcoin, suggesting that the state could generate billions of euros if Bitcoin were taxed more like other financial instruments rather than its current status aligned with gold or art. The bitcoin price, while currently lower than its record high of over $120,000, has seen significant gains, increasing by 120% in 2024 alone, partially attributed to pro-cryptocurrency policies under former President Donald Trump.

Currently, Bitcoin gains are taxed similarly to physical assets such as gold and art, sparking controversy over whether this approach is appropriate given the rapid appreciation of cryptocurrencies. This mode of taxation contrasts with the treatment of equities and interest earnings, which are subject to the flat capital gains tax unless falling under a specific personal allowance of €1,000. As Bitcoin continues to attract considerable investor interest, the discussion of its taxation becomes increasingly pertinent amidst this growing market.

The ongoing debate highlights the disparities in how different asset classes are treated for tax purposes and raises questions about potential reforms that could create a more equitable system. The article suggests that revisiting the tax framework for cryptocurrencies could not only align it with modern financial practices but also support public funding through increased tax revenues from the rapidly evolving crypto sector.