Converting to local currency, in my country, means 50% taxation on the profits + social taxes which equates to another 16k per year.
That would just eat up all profits.
I always considered getting into crypto a one way street. Going back to fiat immediately alerts the tax hawks, and soon even the police.
Instead of converting to fiat it may even be better to just take the losses of the bear market.
Whether you lose 60% of the ATH (cash out) to all sorts of taxes, or the market declines 60% in a bear market and you hodl, comes down to the same thing.
But if you withdraw 100k you have alerted the authorities, and if you take the losses of the bear market you don't.
It's such a shame that they confiscate your profits on every withdrawal. Stablecoins are not a safe haven. Just for now