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)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Mining Faces Backlash Over Controversial Power Deals in Texas
Cryptodnes•2024/08/28 20:15
Bitwise Bitcoin ETF to Receive $120 Million in Bitcoin from Asset Acquisition
Cryptodnes•2024/08/28 20:15
Anticipated Altcoin Project Announces Airdrop Distribution: They Gave the Final Date
One of the most popular projects in the cryptocurrency market is preparing to distribute an airdrop in the near future.
Bitcoinsistemi•2024/08/28 20:15
Telegram CEO Pavel Durov charged, barred from leaving France
Cointelegraph•2024/08/28 20:09
