This week, the US Internal Revenue Service (IRS) handed Israel a golden opportunity on a silver platter. Or, shall I say, a virtual gold opportunity. By deciding to tax Bitcoin as an asset, like gold, the US Government effectively doomed Bitcoin as a currency. As Robinson Meyer correctly writes in The Atlantic, “To tax Bitcoin as property…destroys its fungibility: One Bitcoin can no longer be exchanged for another…This was one of the original intents behind the service. Bitcoin aimed to function as a kind of digital money, meaning it had to work as a unit of account, a medium of exchange, and a store of value.”