{"id":280692,"date":"2021-01-07T12:20:53","date_gmt":"2021-01-07T17:20:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280692"},"modified":"2021-07-30T04:14:19","modified_gmt":"2021-07-30T08:14:19","slug":"mark-cuban-names-million-dollar-btc-price-as-condition-for-presidential-run","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/mark-cuban-names-million-dollar-btc-price-as-condition-for-presidential-run","title":{"rendered":"Mark Cuban Names Million-Dollar BTC Price as Condition for Presidential Run"},"content":{"rendered":"

In an era where business people can achieve incredible power on the political scene, many have pointed towards a possible presidential run for billionaire investor Mark Cuban. <\/span>This week, Cuban eventually leaned into the talks, explaining that he would only make a run for the White House when Bitcoin crosses $1 million.<\/span><\/p>\n

Big Bitcoin Jump to Propel President Cuban<\/b><\/h2>\n

Cuban made the admission in a Twitter conversation with Chamath Palihapitiya, a fellow billionaire, and the chief executive at venture capital firm Social Capital. Palihapitiya had <\/span>tweeted<\/span><\/a>\u00a0about the fault in the American political system, which is primarily split between two large political parties. Replying to his call for a viable third party in 2030, Cuban asked why political parties are even needed to take the White House in the first place.<\/span><\/p>\n

Palihapitiya followed up with a tweet asking if Cuban would run, and the Dallas Mavericks owner laid out his requirements. Cuban\u00a0<\/span>replied<\/span><\/a>:<\/span><\/p>\n

“I’ll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to the Treasury each of the 4 yrs so that we can give 1 satoshi to every citizen each yr, that they must hold for 10 years. How’s that sound”<\/span><\/p><\/blockquote>\n

The proposition seemed both plausible and acceptable to Palihapitiya, who\u00a0<\/span>hinted<\/span><\/a>\u00a0that Cuban should be gearing up for his presidential run by 2024.<\/span><\/p>\n

Possible, but Challenging<\/b><\/h2>\n

Cuban’s latest tweet appears to be another show of his reluctant support for Bitcoin. The investor has long been a critic of the asset, claiming on several occasions that it doesn’t have any real value. Despite his criticism, however, Cuban has also been quick to point out some particular benefits of Bitcoin.<\/span><\/p>\n

In a\u00a0<\/span>tweet<\/span>\u00a0from last month, Cuban pointed out that public companies should take a cue from Bitcoin and never issue new stocks again. The billionaire appeared to have been referencing Bitcoin’s monetary policy, which hinges on a capped monetary supply \u2013 a mechanism for effectively preventing possible inflation.<\/span><\/p>\n

\n

Public companies should learn a lesson from BItcoin and commit to not issue new shares of stock. Ever. Their stock prices would immediately jump.<\/p>\n

— Mark Cuban (@mcuban) December 27, 2020<\/a><\/p><\/blockquote>\n