Amid geopolitical uncertainty and the failure of the dollar as a reserve currency, Bitcoin could become a global safe haven, according to billionaire investor Mark Cuban.
Part 1
Here is a contrary opinion on the emergence of Silicon Valley support for former President Trump. Which like all my opinions on here, probably won’t be popular.It’s a bitcoin game.
Not because the former President is a far stronger proponent of crypto. That’s nice.…
— Mark Cuban (@mcuban) July 17, 2024
This will mean increased demand worldwide for the first cryptocurrency as a means of preserving savings, he added.
He also explained why he believes Donald Trump’s potential return to the US presidency will be a stimulating factor for the growth of digital gold.
According to him, the politician’s declared support for Bitcoin does not actually affect the rate. Possible changes will affect the simplification of crypto business due to the inevitable personnel decisions regarding the US Securities and Exchange Commission (SEC), Cuban believes.
As a result of all these factors coinciding, digital gold could accelerate growth beyond expectations, the investor emphasized.
In May, Cuban suggested that Trump’s support for cryptocurrencies could help him win the election. At the same time, he said that the SEC’s standoff with the industry could hurt support for incumbent President Joe Biden. In June, the billionaire reiterated his opinion on the importance of candidates’ attitudes toward digital assets.
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Source: Cryptocurrency
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