Billionaire and Shark Tank star Mark Cuban says the stars are aligning for Bitcoin (BTC) in the best possible way.
Cuban tells his 8.8 million followers on the social media platform X that the emergence of Silicon Valley support for former President Trump is, in his opinion, a “Bitcoin play.”
According to Cuban, a Trump presidency will make it easier to operate a crypto business in the US due to “inevitable and required” changes at the U.S. Securities and Exchange Commission (SEC).
He also says that inflationary pressures and geopolitical uncertainty will drive BTC to greater heights.
“What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it’s not always ), will be inflationary.
Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration.”
Once Trump is in power and an uncertain geopolitical stage is set, Cuban says that BTC can become a “safe haven” that goes much higher in price than anyone expects.
“How high can the price go? Way higher than you think. Remember, the market for BTC is global. And the supply has a final limit of 21 million BTC, with unlimited fractionalization.
Keep that in mind as you consider what happens if because of geopolitical uncertainty and the decline of the dollar as the reserve currency, BTC becomes a ‘safe haven’ globally, which means that BTC could be what countries and all of us look to buy as a means to protect our savings.
Crazy? It already happens in countries facing hyperinflation.
And if things really go further than we can imagine today (and I’m not saying they will. Just that this has a possibility somewhere above zero), then BTC becomes exactly what the maxis envision. A global currency.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
