PANews January 25 news, according to Cryptopolitan, Strive board member Pierre Rochard pointed out this week that the fundamental reason Bitcoin cannot function like ordinary currency in daily transactions is due to the taxation method, despite continuous improvements in scaling technology (i.e., tools that accelerate transactions and reduce costs).

Pierre Rochard stated that Bitcoin payments grow faster in low tax rate areas. According to current U.S. tax law, Bitcoin is considered property rather than currency. This means that every time someone uses Bitcoin for consumption, whether purchasing coffee, services, or goods, it triggers a tax reporting obligation, and if the value of Bitcoin has increased since the purchaser acquired it, capital gains tax may also be due.