From past to present, comments made by the world’s leading figures have always had significant impacts on Bitcoin and cryptocurrencies. Despite not being investment advice, these comments can influence price movements due to their large audiences. Recently, billionaire Mark Cuban made an important statement, creating excitement in the cryptocurrency world.
Mark Cuban’s Bitcoin Comment
Mark Cuban, a billionaire and a prominent figure on the Shark Tank program, stated that all conditions are optimally aligned for a Bitcoin (BTC) rise, exciting investors.
In his X post to millions of followers, Cuban suggested that the support for former President Trump by large audiences, including Elon Musk, could be a “Bitcoin game.”
According to Cuban, if Trump potentially wins the election, the “inevitable and necessary” changes at the U.S. Securities and Exchange Commission (SEC) will pave the way for rapid progress in cryptocurrencies in the U.S.
He also noted that existing inflationary pressures and geopolitical uncertainty could trigger larger price movements in BTC.
What will increase BTC’s price are lower tax rates and tariffs, which, if history is a guide (and it isn’t always), will be inflationary.
Combine this with global uncertainty about the U.S.’s geopolitical role and the impact on the U.S. dollar as a reserve currency, and you can’t align the stars better for BTC price acceleration.
Cuban stated that if Trump potentially wins the election and an uncertain geopolitical environment ensues, BTC will exceed everyone’s expectations and could become a “safe haven.”
How high can the price go? Much higher than you think. Remember, the BTC market is global. The ultimate supply limit is 21 million BTC, with unlimited divisibility.
Consider what happens if BTC becomes a global ‘safe haven’ due to geopolitical uncertainty and the decline of the dollar as a reserve currency. This means BTC could be what countries and all of us try to buy to protect our savings.
Crazy? This is already happening in countries facing hyperinflation.
And if things go further than we can imagine today (and I’m not saying they will. There’s just a non-zero chance), then BTC becomes exactly what the maxis predict. A global currency.
How Much is 1 Bitcoin?
Bitcoin price surpassed $68,000 for the first time in a long while but then pulled back slightly. As of the time of writing, BTC continues to find buyers at $67,400 after a 0.49% increase in the last 24 hours.
The trading volume of Bitcoin increased by 69%, reaching $30.4 billion. Bitcoin’s market cap is $1.330 trillion, while the overall market cap has surpassed $2.4 trillion. BTC’s 7-day price change indicates a 7.52% increase, making a positive start to the week and exciting investors.
