比特币投资者将来需要缴纳销售收益的资本利得税吗？

社交媒体上的最新主张表明，维多利亚州法院的裁决将意味着比特币投资者将来不需要为销售收益缴纳资本利得税。但是，我觉得在这种情况下，法律老鹰队的观点犯了错误。

Recent claims on social media suggest that a Victorian court ruling will mean that bitcoin investors won't need to pay capital gains tax on sale proceeds in the future. However, I feel the legal eagles in this instance have erred in their views.

社交媒体上的最新主张表明，维多利亚州法院的裁决将意味着比特币投资者将来不需要为销售收益缴纳资本利得税。但是，我觉得在这种情况下，法律老鹰队的观点犯了错误。

The claims are on the basis that the magistrate and a tax lawyer viewed bitcoin as a form of money, and therefore capital gains tax free, in a similar principle to the way giving your grandkids $100 for Christmas doesn't attract the tax.

这些索赔是基于地方法官和税务律师将比特币视为一种金钱形式，因此，免税税款的原则与给您的孙子孙女100美元的方式类似，这并不吸引税款。

However, I must point out that there's no chance the Australian Tax Office is going to view bitcoin as money and tax free. Any legal challenge to this position will also flop.

但是，我必须指出，澳大利亚税务局没有机会将比特币视为免费税款。对该职位的任何法律挑战也将失败。

What is the future of money and bitcoin?

金钱和比特币的未来是什么？

Money must be a means of exchange, a reserve of future purchasing power equivalent to a store of value, and a stable unit of account to price goods and services.

金钱必须是一种交换手段，即未来的购买力储备等同于价值存储，以及稳定的帐户单位，即价格商品和服务。

It also ultimately needs a central bank as a supplier of liquidity to meet goals such as national defence and full employment. The only alternative is to replace fiat, scrap society, the rule of law, and systems of government as we know today.

最终，它还需要中央银行作为流动性供应商，以实现国防和充分就业等目标。唯一的选择是替换我们今天所知道的，取代菲亚特，废料社会，法治和政府制度。

So let's take a look at bitcoin as money. It ticks the box as a store of value. It's decentralised, immutable and has a supply limited to 21 million coins. In fact it's probably a better store of value than the paper money we use today.

因此，让我们看看比特币作为金钱。它将盒子作为价值存储。它是分散的，不变的，供应量限于2100万个硬币。实际上，这可能比我们今天使用的纸币更好。

It also works as a means of exchange to buy goods and services. So far, so good then. I even paid for a lunch with basketballer Matthew Dellavedova at Bertie's Butchers in Richmond, Melbourne, using bitcoin.

它还可以作为购买商品和服务的交换手段。到目前为止，一切都很好。我什至用比特币在墨尔本里士满的贝蒂（Bertie）的屠夫中与篮球运动员Matthew Dellavedova付了午餐。

The transaction never touched a TradFi bank account. In a first for me, the debit and credit occurred between two iPhone apps (Wallet of Satoshi) on the digital token's decentralised blockchain, without the need for verification by a third party.

该交易从未触及Tradfi银行帐户。对我来说，在我的第一个方面，借方和信用发生在数字令牌分散的区块链上的两个iPhone应用程序（Satoshi的钱包）之间，而无需第三方验证。

In other words, there was no unique role for today's money to buy stuff.

换句话说，今天的钱没有独特的角色。

Tokenisation and the future of money

象征和金钱的未来

Tokenisation in the form of stable coins or other assets such as tokenised gold or stocks also means we could in the future use assets, rather than money, to exchange services for wealth.

以稳定的硬币或其他资产（例如令牌黄金或股票）的形式进行象征化，这也意味着我们将来可以使用资产而不是金钱来将服务交换为财富。

This is all well and good, but here's where bitcoin fails as money.

这一切都很好，但是这是比特币作为金钱失败的地方。

I paid the restaurant owner around $70 in bitcoin for the lunch in October 2023. Since then bitcoin's value has roughly quadrupled against fiat to mean I paid around $280 for two sandwiches, coffees and soft drinks at at a knockabout hipsters' butcher.

我在2023年10月的午餐中向餐厅老板支付了约70美元的比特币。从那时起，比特币的价值大约对法定人来说大约三倍，这意味着我在knockabout hipsters hipsters的屠夫上为两个三明治，咖啡和软饮料支付了约280美元。

So we can see bitcoin doesn't work as a stable unit of account to price goods and services.

因此，我们可以看到比特币无法作为价格商品和服务的稳定帐户单位。

On the contrary, 99.99% of people buy bitcoin because it's a volatile unit of account. Almost nobody wants to spend it today as they expect its price to climb in the future. And nobody ever bought it hoping its price would fall versus fiat. This the reverse principle of China's deflation problem. The Middle Kingdom's a nation of savers where citizens are reluctant to spend because they suspect the price of goods and services may fall in the future. This also explains why governments and central banks target inflation in a band of 2% to 3%.

相反，有99.99％的人购买比特币，因为这是一个波动的帐户单位。几乎没有人愿意在今天花费它，因为他们预计其价格将在未来上涨。而且没有人购买它，希望它的价格会降低与菲亚特。这是中国通缩问题的相反原则。中间王国是一个储户国家，公民不愿花费，因为他们怀疑将来的商品和服务价格可能会降低。这也解释了为什么政府和中央银行的目标通货膨胀率为2％至3％。

So even in a world of asset tokenisation where money disappears as a forms of payment, our society would still need a liquid form of future purchasing power or relatively stable unit of account.

因此，即使在一个资产象征化的世界中，金钱以一种付款形式消失，我们的社会仍然需要一种未来购买力或相对稳定的帐户单位的流动形式。

This is where central banks come in and unless we launch a revolution to overthrow them, the government, courts, and Australian Tax Office, you're going to pay capital gains tax on your sales.

这是中央银行进来的地方，除非我们发起一场革命来推翻它们，政府，法院和澳大利亚税务局，否则您将对您的销售缴纳资本利得税。

If you're interested, in bitcoin in this article I also unpack why if we assume fiscal stupidity and associated inflation is the best measure of the bitcoin price, it may have further to climb thanks to President Trump's Big Beautiful Budget Bill.

如果您有兴趣，那么在本文中，我还可以解开为什么如果我们假设财政愚蠢和相关的通货膨胀是比特币价格的最佳衡量标准，那么由于特朗普总统的大型预算账单，它可能需要进一步攀升。

What do you think about bitcoin, tokenisation, and the future of money? Please feel free to leave a comment below.

您如何看待比特币，象征化和金钱的未来？请随时在下面发表评论。