Mark Cuban Says Trump-Supporting VCs Are Making a \"Bitcoin Play,\" BTC Could Become Global \"Safe Haven\" Asset

Billionaire businessman and investor Mark Cuban is not a fan of Donald Trump. He has said on the record that he'd “rather vote for Joe Biden even if he was given his last rites”.

Billionaire businessman Mark Cuban is not a fan of former President Donald Trump. In fact, Cuban has said that he’d “rather vote for Joe Biden even if he was given his last rites.”

Now, Cuban is drawing attention to venture capitalists and tech figures and their support of Trump. Posting to his almost 9 million followers, Cuban said their support is a “bitcoin play.”

According to Cuban, the support isn’t really about crypto itself but rather about changes to the Securities and Exchange Commission (SEC) – which will benefit crypto businesses. He stated that Trump’s support was nice but “doesn’t really impact the price of crypto.”

However, Cuban said that a Trump presidency could accelerate Bitcoin (BTC) prices not due to relaxed crypto regulations but because of Trump’s economic policies. He argues that lower taxes and higher tariffs will worsen inflation, driving investors to secure assets like gold and the US dollar and potentially increasing interest in Bitcoin as a safe haven.

But what does Cuban say about BTC price, you may ask. Cuban believes that most are underestimating where it could end up. But, according to the billionaire, BTC may reach a status far more significant than just a high-priced store of value.

Cuban said a decline of the US dollar as a reserve currency and global geopolitical turmoil could make Bitcoin very valuable – therefore becoming an asset many nation-states and individuals may turn to.

If things go downhill even more, much more so than what we can expect today, he says Bitcoin maxis’ vision becomes a reality: that of “a global currency.”

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