US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee esti
by
dioneparaiso
on 06/04/2018, 16:08:42 UTC
U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, Thomas Lee, head of research at Fundstrat Global Advisors, says in a Thursday report. Last year, bitcoin soared more than 13 times in price and hit an all-time high above $19,000 in mid-December. It remains about 450 percent higher over the last 12 months. Tax-related selling would add to bitcoin's tough start to the year.