According to CCN, Bitcoin prices will probably climb after April 17, when Tax Day in the United States is over. That’s what Fundstrat co-founder Tom Lee, a noted bitcoin bull, predicts.
If this is true then. Better buy some bitcoins now as long as is it low. Goodluck guys !
Source: @cryptomeren
Its true that with the financial year everyone has to get rid of their taxes and then have to start with new luck, investment, and everyone needs time to think on "Where to this time"!
I have one understanding from the cryptocurrency :
Whales might be the one who never cash out more than taxable amount per year unless and until they are investing it somewhere to cut the taxes free.
If they are not doing that then these are the people who are not selling their coins, thus need no time to get back to the bitcoin.
What we talking about is, about those people who made huge cash outs, or who are new people who would love to join the crypto after they clear the taxes.
Thing is, the process is slow! We might not just see very sudden moves right after the 17th April!! There will huge time gap until we see everything rising up.