I guess the target audience are countries where capital gains on stocks are high-to-ridiculous but simultaneously capital gains on crypto are low for whatever reason or the tax free amount on crypto gains is relatively high. Germany comes to my mind as an example.

I just Googled about this. In Germany, long term holdings of crypto (> 1 year) are tax free regarding capital gains. However, this ends for any new purchases on/after Jan 1 2027.

    > capital gains on stocks are high-to-ridiculous

Hot take: Given the state of wealth inequality and that the vast majority of capital gains go to a tiny fraction of people, why do we still have lower taxes for capital gains? Maybe it has out-lived its usefulness/purpose.