Bitcoin in Brief continues with the second day this week of mostly FOMO news. The biggest economy in the world faces the tax man today, as the United States and its crypto enthusiasts must atone for the sin of last year’s gains. Economists and market bulls are insisting that this fact caused dramatic sell offs, leading to haircuts across the board. Bulls believe, after today, prices ought to soar.
Also read: Bitcoin in Brief Monday: A Panther’s Moonshot Bet
Tom Lee on Crypto Tax
Once again, we get another chance to test the predictions of a much cited financial professional. We’re once again focusing on crypto’s favorite guru, Tom Lee of Fundstrat.
He was seen recently on Fast Money, making his case for why the ecosystem should prepare itself for the potential of incoming cash tsunamis, as this year’s US tax deadline is upon us today. It is estimated americans owe the tax man as much as $25 billion. The panel doesn’t just accept Mr. Lee’s prognostications, and instead makes him work a little to better flesh out why he continues to say what he does. If you’re a bitcoin core proponent, these five minutes will be comforting.
They Pay You
Assuming after-tax price spikes, you’re going to need a hot wallet to store your bitcoin cash. After you’re done installing the Bitcoin.com Wallet, check out the I Pay You idea. Gift cards are gaining in popularity among enthusiasts, for a variety of reasons, and this wallet seeks to capitalize and grow that trend.
Supporting both bitcoin core and bitcoin cash, the company claims average minimum fees of 3 cents, the ability to send payments through Twitter and email, your own
