I can see where they are coming from. In the long term, the value for most crypto as a technology is it's way to decentralize ownership. But for the purpose of making an investment decision in cryptos right now, the vast majority of them really only derive their value from their usefulness in transactions.

If you buy some foreign currency, it goes up, and you sell it, you are NOT taxed a capital gain.

Am I misunderstanding something? I thought Forex gains were taxed via the 60/40 rule.