Mark Cuban: Trump Re-Election Could Boost Bitcoin Price, But Not for the Reasons You Think
- Mark Cuban believes Trump’s re-election won’t directly impact Bitcoin’s price but could benefit crypto businesses due to SEC changes.
- Cuban suggests lowering tax rates and tariffs could drive Bitcoin’s price.
- He posits that Bitcoin might become a global haven amid economic instability.
Billionaire investor Mark Cuban has shared his thoughts on how a potential Donald Trump re-election could impact the price of Bitcoin. In a series of posts on X, Cuban argued that a Trump presidency could lead to a surge in Bitcoin’s value, but not because of the former President’s stance on crypto.
According to Cuban, a Trump re-election would make it easier to operate a crypto business because of inevitable and required changes at the U.S. Securities and Exchange Commission (SEC), which has notoriously hunted down crypto businesses.
The industry pundit believes lower tax rates and tariffs, which have historically been inflationary, are what would drive Bitcoin’s price higher. Additionally, Cuban expressed that global uncertainty surrounding the U.S.’s geopolitical role and the decline of the U.S. dollar as a reserve currency could make Bitcoin a “safe haven” for inv…
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