Entrepreneurs are noticing the prominence of Bitcoin in the current presidential debate. Mark Cuban Recently, BTC was discussed and its potential to be a global reserve currency. The Shark Tank The former Dallas Mavericks owner and star noted the importance of cryptocurrency in the face of continued geopolitical turmoil.
Cuban talked about Donald Trump’s increased support from Silicon Valley businessmen. He called it a pivot. “a Bitcoin play.” It is not a post to X (formerly Twitter)He also noted Trump’s clearer approach towards greater regulation of crypto. Next, the price performance of this asset class has improved.
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Crypto market is more relevant than ever in the political arena. The crypto market has become the main point of contention in ongoing political disputes. 2024 presidential election. Both candidates have remained steadfast, though one appeals more to a particular sector.
Mark Cuban discussed the potential of BTC as a global asset reserve in light of Bitcoin’s recent rise to prominence. He discussed the geopolitical issues that the United States is currently facing and the potential for the cryptocurrency to be a beneficiary.
Cuban claimed that Trump’s endorsements were a Bitcoin game. Cuban said it was a Bitcoin play. “not because the former president is a far stronger proponent of crypto. Thats Nice. But it doesn’t really impact the price of crypto.”
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Cuban claimed that the Trump administration would be a disaster. “makes it easier to operate a crypto business because of the inevitable, and required, changes at the SEC.” Then he added, “lower tax rates and tariffs,” Bitcoin’s price will rise even more than it did this year.
“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 BTC price acceleration.”
It is not a follow-up postCuban pointed out that Bitcoin could become an alternative currency. “‘safe haven’ globally.” This is what he said “means BTC could be what countries and all of us look to buy as a means to protect our savings.” He went a step farther, noting this already happens in the country’s fight against hyperinflation.
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Source: watcher.guru