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Author Topic: US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee esti  (Read 23 times)
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April 06, 2018, 04:08:42 PM

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.
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