The emergence of cryptocurrency hedge funds

Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance.

Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance.

Wall Street Analyst Believes Tax Season will Cause Crypto Selloff

Wall Street analyst Thomas Lee believes that tax season will cause a massive crypto selloff, as reported by CNBC. Why? Because U.S. households likely owe as much as $25 billion in taxes on cryptocurrencies. Lee, the head of research at Fundstrat Global Advisors, predicts that this large amount will lead to people getting rid of their…

crypto taxes

Wall Street analyst Thomas Lee believes that tax season will cause a massive crypto selloff, as reported by CNBC. Why? Because U.S. households likely owe as much as $25 billion in taxes on cryptocurrencies.

Lee, the head of research at Fundstrat Global Advisors, predicts that this large amount will lead to people getting rid of their crypto before the mid-April tax filing deadline. This is to avoid having to pay taxes on any capital gains earned through cryptocurrencies.

Lee stated that “this is a massive outflow from crypto to USD and historical estimates are …

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Bitcoin (BTC): Wall Street Says HODL and Abra CEO Says BOOM

There’s no denying that panic has swept through the crypto sphere as of late. With the crypto ad bans by major companies like Google, Facebook, and most recently Twitter, prices of cryptocurrencies have taken a beating as many people believe this to be the end. Have no fear, though, because this isn’t the end. Crypto…

Bitcoin (BTC)

There’s no denying that panic has swept through the crypto sphere as of late. With the crypto ad bans by major companies like Google, Facebook, and most recently Twitter, prices of cryptocurrencies have taken a beating as many people believe this to be the end.

Have no fear, though, because this isn’t the end. Crypto will recover, and it will continue. People are still interested in the space. Just ask Wall Street or Bill Barhydt, the CEO of Abra.

CNBC reported that a Wall Street analyst is for HODLing Bitcoin (BTC).

Wall …

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