An American entrepreneur and billionaire announced that former US President Donald Trump and current President Joe Biden are equally ignorant of cryptography. According to the businessman, digital assets appear in the programs of the main candidates simply for the sake of winning the presidential elections ending on November 4.

Mark Cuban indicated that if Joe Biden loses the upcoming election, the crypto community “will be able to thank” the US Securities and Exchange Commission (SEC) and its chairman Gary Gensler.

The competence of the political candidates themselves is questionable, the billionaire complains, although this does not diminish the importance of the issue of cryptocurrencies in the election campaign:

“Do you think Trump understands anything about crypto other than he made money selling NFTs? Neither candidate understands. But Biden will have to choose between Gary Gensler and crypto voters, or it could cost him the White House.”

According to the businessman, the policy of the current authorities towards the crypto industry is destructive and punitive, and the actions of the Trump team so far look well thought out.

Earlier, Jeffrey Kendrick, head of forex and digital assets research at Standard Chartered, predicted that Bitcoin would rise to $100,000 before the end of the US presidential election.