Mark Cuban: BTC will become a safe haven and global currency
Odaily2024/07/17 18:30
By:Odaily
Odaily News Billionaire and well-known investor Mark Cuban said that Trumps support for cryptocurrency is good news, but it has not really affected the price of cryptocurrency. What drives the price of BTC is lower taxes and tariffs. If history is a guide, the fundamental reason is inflation. Coupled with the global uncertainty of the geopolitical role of the United States and the impact on the dollar as a reserve currency, BTC will become a safe haven for funds. Cuban said that inflation and uncertainty about the role of the United States in geopolitics are a foregone conclusion under Trumps leadership, and there is no better time for the acceleration of Bitcoins price increase. Such an environment may promote BTC to become a global currency. (Coindesk)
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