Fundstrat's Tom Lee Makes The Case For A Big Bitcoin Rally Post-Tax Day

Submitted by Guest on

Written by :

Guest

Published on :

Fundstrat's Tom Lee Makes The Case For A Big Bitcoin Rally Post-Tax Day

This could be a great time to invest in bitcoin or other cryptocurrencies now that Tax Day has come and gone (well, sort of, as the IRS site crash has resulted in a bit of an extension). 

With the tax-selling pressure over for the most part, bitcoin will likely rally again and reach $25, 000 by year's end, so says bitcoin bull Tom Lee of Fundstrat.

Lee says the mass sell-off was likely sparked by investors' need to sell assets.

He expects the IRS to collect about $25 billion this year in realized gains from U.S. households, which he calls a "windfall."

Watch below for more

Related Content

More Layoffs Anticipated at VSiN as Rumors Swirl Over Possible New Ownership

More Layoffs Anticipated at VSiN as Rumors Swirl Over Possible Change in Ownership Coming

Rumors continue to swirl over new ownership coming as new broke that EVP of Talent and Programming Steve Cohen will be departing as well.
Bayern Star Alphonso Davies' Family the Target of Bizarre AI Casino Scam

Bayern Star Alphonso Davies' Family the Target of Bizarre AI Casino Scam

The star is seen promoting the online casino brand Oxibet as his father is depicted being placed under arrest.
Sydney Sweeney Loses 200,000 Instagram Followers Following Controversial Nude NoVig Ad

Sydney Sweeney Loses 200,000 Instagram Followers Following Controversial Nude NoVig Ad

Sweeney still holds 25.8 million followers. Three days after the ad was released, Sweeney gained 50,000 followers on Instagram. Yet, she lost 136,848 by Sunday and another 68,000 Monday.
Former Resorts World Las Vegas Compliance Director Claims Wrongful Termination After Raising Concerns Over Group of Gamblers

Former Resorts World Las Vegas Compliance Director Claims Wrongful Termination After Raising Concerns Over Group of Gamblers

Preston Banks’s federal complaint alleges wrongful termination under Nevada law and retaliation under the federal Anti-Money Laundering Act.