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

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