Is the fungibility argument against bitcoin a legitimate one?

For example, one interview I saw recently claimed that since property (like artwork for example) can be legally reclaimed if proven to be stolen, the same can be applied to bitcoin. So if your bitcoin was somehow linked to coins previously stolen, the gov can put a lien against your coins or something like that. Obviously, you'd have to fork them over though.

The same cannot be said about money such as gold. If gold was stolen and traded hands a few times, it cannot be reclaimed similar to property.

Is this argument valid or complete bs?