Crypto Blog
Why are Silicon Valley venture capitalists suddenly supporting Donald Trump? Billionaire Mark Cuban – one of the politician’s staunchest critics – says “It’s a Bitcoin play.”
“Not because the former President is a far stronger proponent of crypto,” Cuban noted. The investor said that Trump’s crypto agenda – which includes welcoming Bitcoin miners and ensuring citizens’ right to self-custody – simply makes it easier to “operate a crypto business” rather than “impact the price of crypto.”
“Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US Dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration,” said Cuban. “This has a possibility somewhere above zero, then BTC becomes exactly what the Maxis envision – a global currency,” he concluded.Even JPMorgan CEO Jamie Dimon, who has been floated as a new potential Treasury Secretary under Trump, is also reportedly beginning to see the bright side of Bitcoin.
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