# BTC treated as currency rather than as asset for gains

**URL:** <https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033>\
**Category:** Alternative investments\
**Created:** [10 November 2025 22:36 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033 "2025-11-10T22:36:44Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![bobski1960](https://avatars.discourse-cdn.com/v4/letter/b/5daacb/32.png) [@bobski1960](https://community.sharesight.com/u/bobski1960)\
**Post date:** [10 November 2025 22:36 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033/1 "2025-11-10T22:36:44Z")

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BTC gains are reported as currency gain. Should be treated as an asset and reporting capital gains

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**Author:** ![Piumi\_Sharesight](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/piumi_sharesight/32/854_2.png) [@Piumi\_Sharesight](https://community.sharesight.com/u/Piumi_Sharesight)\
**Post date:** [13 November 2025 03:31 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033/2 "2025-11-13T03:31:36Z")

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Hi @bobski1960 are you referring to any particular report here? In the Australian CGT report, crypto gains are calculated in accordance with ATO guidelines. However, in our performance reports, crypto is treated as a currency, and therefore, the currency gain is calculated instead. We would love to understand the reason for this recommendation.

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**Author:** ![bobski1960](https://avatars.discourse-cdn.com/v4/letter/b/5daacb/32.png) [@bobski1960](https://community.sharesight.com/u/bobski1960)\
**Post date:** [14 November 2025 01:23 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033/3 "2025-11-14T01:23:01Z")

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The summary page for BTC Crypto show total gain and currency gain, whilst capital gain is zero. The capital gains tax report is zero so not being treated as an asset as per ATO rules.

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**Author:** ![RickyYeo](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/rickyyeo/32/854_2.png) [@RickyYeo](https://community.sharesight.com/u/RickyYeo)\
**Post date:** [19 November 2025 02:16 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033/4 "2025-11-19T02:16:28Z")

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Any selling of crypto should show up in CGT Report even though we classify it as a currency gains/losses rather than a capital gains/losses.

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**Author:** ![bobski1960](https://avatars.discourse-cdn.com/v4/letter/b/5daacb/32.png) [@bobski1960](https://community.sharesight.com/u/bobski1960)\
**Post date:** [19 November 2025 10:47 UTC](https://community.sharesight.com/t/btc-treated-as-currency-rather-than-as-asset-for-gains/2033/5 "2025-11-19T10:47:51Z")

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Thanks Ricky. I tested with some sell transactions and the capital gains tax report is correct. It’s a little misleading when you see capital gains are zero on the overview page . Maybe something to fix in in a future software update.