Strive Board Member Criticizes Bitcoin Taxation as Barrier to Everyday Use

Pierre Rochard, a board member of Strive, has highlighted Bitcoin's taxation methods as a major obstacle to its use in daily transactions. Despite advancements in scaling technology, Rochard argues that Bitcoin's classification as property under U.S. tax law complicates its use as a currency. Each transaction triggers tax reporting obligations, and potential capital gains taxes if Bitcoin's value has increased since acquisition. Rochard notes that Bitcoin payments are expanding more rapidly in low-tax jurisdictions, underscoring the impact of tax policies on its adoption.