VIDEO: Fundstrat’s Tom Lee sees Bitcoin at $25,000 by year end

April 19, 2018 9:10 am


Thomas Lee, head of research and strategy at Fundstrat Global Advisors, discusses the impact of capital gains taxes on Bitcoin’s price. He speaks with Bloomberg’s Julia Chatterley, Scarlet Fu and Joe Weisenthal on “What’d You Miss?”

Capital gains on all crytpos in 2017 amounted to $500bn with US households having 1/3 exposure to that.

How would the $25 bn tax bill on capital gains for cryptos this year impact prices in the near future and longer term?

Watch video.

Related: Might want to sell your Bitcoins now! US tax day April 17 could crash crypto

Read: Bitcoin takes a licking but don’t bet on it to keep ticking


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Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.