Sure you could, this sounds like a great idea!
It shouldn't be too difficult to figure out.
Tax treatment of Bitcoin in the States is very simple. Bitcoin is property. When you sell it you need to pay taxes on the gains (or you can deduct from taxes if sold at a loss). If you own the Bitcoin for less than a year, your tax rate is the same as your income tax rate. If you own the Bitcoin for longer than a year, your tax rate is at a reduced rate (between 10-20% depending upon your income, but less than your actual income tax rate).