From Cointelegraph

May 12, 2025 11:00 AM:

As Bitcoin’s value skyrockets, governments may impose wealth taxes on assets like crypto, regardless of whether they’re sold. Countries such as Belgium and Switzerland already have wealth taxes in place. France may start taxing Bitcoin gains annually, sparking debate about the impact on wealthy holders. The potential for wealth taxes on crypto is a hot topic among governments worldwide.

With the growing interest in wealth taxes, countries may consider imposing them on assets like Bitcoin. While some nations, like Germany, have scrapped wealth taxes in the past, others may see the potential for significant revenue. The history of capital gains tax adoption suggests that wealth taxes could become more widespread globally in the future.

The idea of a wealth tax on assets like Bitcoin poses risks for governments, as it could drive away high-net-worth individuals to tax-friendly jurisdictions. Recent data shows that millionaires are already leaving countries with high taxes. Some nations, like the US, are exploring strategic reserves for Bitcoin, signaling a shift towards hodling rather than selling assets. The debate over wealth taxes and their impact on cryptocurrency holders continues to evolve globally.

Read more at Cointelegraph: Will Bitcoin hodlers be the reason more countries adopt wealth taxes?