Thomas Lee, the former JPMorgan chief equity strategist, Lee told CNBC Monday he sees a major rally coming in bitcoin (BTC). Lee, now managing partner and head of research at Fundstrat Global Advisors, blamed tax selling for the bitcoin selloff and expects the cryptocurrency to rebound when large institutional investors take positions, among other factors. Although there is still regulatory risk, Lee sees bitcoin hitting $25,000 by the end of the year. Read more here.

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