I know everyone will be rich, but there is "the other side if...

I know everyone will be rich,  but there is "the other side if the coin" (Bitcoin and cryptos)  Can you pay the gain tax to the ATO with the bitcoin??????? NO!!!
Who will be the winner here??? = ATO/GOV which end up with mum's and dad's hard earned real  AU$ from the gain on their imaginary cryptos IMO
If they will not be careful with their transactions they will need to sell their other investments to cover CGT on  the Bitcoin imaginary gain tax on all transactions.

TAX free?!?! forget it!!!! or am i wrong??????

People will need to sell their investments for the Bitcoin CGT on any transaction.
Transacting with bitcoin
Transacting with bitcoin is akin to a barter arrangement, with similar tax consequences. Our view is that bitcoin is neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax (CGT) purposes.
You need to keep the following records for bitcoin transactions:
the date of the transactions
the amount in Australian dollars (which can be taken from a reputable online exchange)
what the transaction was for
who the other party was (even if it’s just their bitcoin address).
Please read the article below before you invest in cryptos or trade or mine it!
Taxation of Cryptocurrency in Australia
https://www.godbeefavero.com.au/taxation-cryptocurrency-au…/