[skyde]

while i agree with you, wouldn’t the justice system first have to prove i am the owner of the bitcoin cold wallet before seizing my other asset. Also what if I lost the password to my wallet an no one can move the fund out of it, they will seize other asset because they pretend I could still use the bitcoin in the account ?

[Comevius]

Cryptocurrencies are taxed in most countries, but many people don't report their capital gains from them properly on their tax returns. It's however when you start participating in the economy, including cashing out is where they can get you and governments are increasingly tracking and taxing crypto transactions. Everyone participating is expected to self-report.

Generally standing between the government and it's tax money is unhealthy, unless you are wealthy.