Crypto Holders Collectively Owe $25 Billion in Tax, New Report Says

[kreslik.news]

The crypto boom that drove the crypto market capitalization to more than $800 billion at the end of 2017 has an ugly shadow. A piece of research by Fundstrat Global Advisers estimates that the crypto-fever pitch has resulted in US tax liabilities to the tune of $25 billion, which has placed some extra pressure on ‘hodlers’ to sell off their assets.

The Fundstrat report explained that investors could see the crypto markets continue to drop as crypto users prepare for April 15, the deadline for filing taxes in the US this year.

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