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There are certainly a multitude of reasons for the cryptocurrency market sell-off, but are US tax liabilities one of the biggest? Let's talk about some recent research from Tom Lee at Fundstrat Global, and why US residents potentially owing up to $25 Billion in capital gains taxes on crypto investments might be behind the overall market downtrend.
Also, I'm pumped to announce that I'll be working with the team at BOOSTO, helping to advise their product creation, specifically for YouTube creators and influencers. I'll have them on the show in the near future to talk about this further, but wanted to introduce you folks to the platform and my work.
Check out the BOOSTO website:
https://boosto.io/#/
Join the BOOSTO telegram:
https://t.me/BOOSTO_io
Follow Tom Lee on Twitter:
https://twitter.com/fundstrat
Reuters article on Tom Lee and the US crypto related tax liabilities:
https://www.reuters.com/article/us-crypto-currencies-taxes/u-s-tax-liabilities-for-crypto-currencies-in-2017-seen-at-25-billion-to-pressure-bitcoin-fundstrat-idUSKCN1HC29Y
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon
https://cryptobobby.com/ledger-amazon
Ledger (back in stock) https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
Podcast links if you'd like to listen instead of watch:
iTunes: https://itunes.apple.com/us/podcast/crypto-bobby-talking-investing-in-cryptocurrencies/id1269307001?mt=2
Spotify:
Stitcher: https://www.stitcher.com/podcast/crypto-bobby-talking-investing-in-cryptocurrencies
Google Play: https://play.google.com/music/m/Ihti7233jyn4rcg3xqygeedbye4?t=Crypto_Bobby_-_Talking_Investing_in_Cryptocurrencies
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
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Hi @icostoday, great video! Thanks for sharing. I always enjoy seeing nice videos like this. Cheers!