{"id":552943,"date":"2024-07-18T13:32:56","date_gmt":"2024-07-18T13:32:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=552943"},"modified":"2024-07-18T13:32:56","modified_gmt":"2024-07-18T13:32:56","slug":"shark-tank-investor-mark-cuban-says-stars-aligned-for-massive-bitcoin-price-surge-may-become-global-reserve-currency","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shark-tank-investor-mark-cuban-says-stars-aligned-for-massive-bitcoin-price-surge-may-become-global-reserve-currency","title":{"rendered":"Shark Tank Investor Mark Cuban Says Stars Aligned For Massive Bitcoin Price Surge, May Become Global Reserve Currency"},"content":{"rendered":"

Shark Tank investor and billionaire Mark Cuban says the stars are aligning perfectly for a soaring <\/span>Bitcoin<\/span><\/a> (BTC) rally and that there’s a chance the flagship crypto could become a global reserve currency.<\/span><\/p>\n

BTC’s price has the potential to go “way higher” than many in the market think, Cuban said in a July 17 X <\/span>thread<\/span><\/a>. “Remember, the market for BTC is global,” he wrote, before adding that “the supply has a final limit of 21m BTC, with unlimited fractionalization. “<\/span><\/p>\n

\"Bitcoin<\/p>\n

Silicon Valley Support For Donald Trump Is A “Bitcoin Play”<\/span><\/h2>\n

Cuban also t<\/span>hat the “emergence of Silicon Valley support” for former President Donald Trump is a “bitcoin play.” <\/span><\/p>\n

He added that the endorsement of Trump is not necessarily due to him appearing to be a pro-crypto candidate. Instead, he believes it is because Trump getting elected will make “it easier to operate a crypto business” because it will inevitably lead to the much-needed reshuffling of top personnel at the US Securities and Exchange Commission (SEC).<\/span><\/p>\n

In terms of BTC’s price, lower tax rates and tariffs could ignite a bullish rally, <\/span>Cuban<\/span><\/a> predicted. The potential for this “price acceleration” is increased when considering the global uncertainty of the US’s geopolitical role and the dollar’s weakening status as a reserve currency, according to Cuban.<\/span><\/p>\n

Mark Cuban Says Bitcoin May Become A Global Financial “Safe Haven”<\/span><\/h2>\n

Bitcoin might end up becoming a global “safe haven” if the dollar’s role as a reserve currency continues to fade, the Shark Tank investor said. <\/span><\/p>\n

People across the globe could subsequently turn to BTC as a means to “protect” their savings, he continued. The possibility of BTC becoming a “global currency” is “somewhere above zero, ” Cuban added. <\/span><\/p>\n

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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. <\/p>\n

It’s a bitcoin play. <\/p>\n

Not because the former President is a far stronger proponent of crypto. That’s nice.…<\/p>\n

— Mark Cuban (@mcuban) July 17, 2024<\/a><\/p><\/blockquote>\n