Isn’t this incentivizing “investing” into something much more volatile and risky than stocks from which profits always are taxed at 25%? Even if there haven’t

Isn’t this incentivizing “investing” into something much more volatile and risky than stocks from which profits always are taxed at 25%? Even if there haven’t been taxes on this yet, making crypto “more attractive” than stocks sounds like rallying all greater fools there are to create even more defaults - which in return will hurt society as a whole.