Wall Street Bitcoin Bull Tom Lee Predicts “Massive Outflow” Of Crypto Before Tax Day

He believes that the crypto is selling pressure by exchanges, which are under income tax in the American Court. Its crypto exchanges will also depend on income tax; both families and exchanges have sold their crypto to pay the U.S. government. In a Thursday report, Lee has noted that since then, the capital gains tax due to their crypto holdings in US homes has an estimated $ 25 billion;

Tom Lee, the fundraiser, predicted the 'massive outflow' of Cryptocurrency It is that the report of CNBC in the lead in the United States till the tax day is April 5. According to Lee's estimate, the $ 1 US $ outflow of $ 20- the impact of $ 25 on the crypto market value. Because the BTC / ETHs are selling to meet these tax obligations, many of its exchanges have a net income of more than $ 1 billion in 2017 and there is no US dollar to keep working capital in Bitcoin and Ethereum.