Yeah, that whole "It doesn't become real until it reaches fiat," thing just isn't true.

https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance

I understand:

Taxation is theft

The IRS is illegal.

Statism!

But the idea that crypto isn't taxable until it becomes a US dollar just isn't true.

You're doing well enough to hire an accountant to keep good records, and that will be one thing off your plate.

But I get it.  

Taxation is theft

The IRS is illegal

Statism!

But the idea that it doesn't become taxable until it becomes a US dollar is incorrect.

Just be prepared.