{"id":34449,"date":"2024-07-18T09:57:09","date_gmt":"2024-07-18T09:57:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mark-cuban-inflationary-pressure-could-see-bitcoin-become-global-reserve\/"},"modified":"2024-07-18T09:57:09","modified_gmt":"2024-07-18T09:57:09","slug":"mark-cuban-inflationary-pressure-could-see-bitcoin-become-global-reserve","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mark-cuban-inflationary-pressure-could-see-bitcoin-become-global-reserve\/","title":{"rendered":"Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/06\/01_image-4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/06\/01_image-4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/06\/01_image-4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/06\/01_image-4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban<\/li>\n<li aria-level=\"1\">The billionaire believes Trump\u2019s lower tax rates and tariffs could push up Bitcoin\u2019s price<\/li>\n<li aria-level=\"1\">Elon Musk plans to commit $45m a month to back Trump\u2019s presidential run<\/li>\n<\/ul>\n<p>US billionaire Mark Cuban believes that through a combination of inflationary pressure and geopolitical uncertainty, Bitcoin could become a global reserve currency.<\/p>\n<p>Taking to X, the billionaire indicated that Silicon Valley\u2019s support for former President Donald Trump was a \u201cbitcoin play\u201d to boost its price. <a href=\"https:\/\/coinjournal.net\/search\/mark+cuban\">Cuban<\/a>, who has backed <a href=\"https:\/\/coinjournal.net\/search\/joe+biden\">Joe Biden<\/a> for re-election, stated that lower tax rates and tariffs under Trump could push up Bitcoin\u2019s price.<\/p>\n<p>\u201cCombine 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\u2019t align the stars any better for a BTC price acceleration,\u201d <a href=\"https:\/\/x.com\/mcuban\/status\/1813591281970348264\" target=\"_blank\" rel=\"noopener\">Cuban wrote<\/a>.<\/p>\n<p>He added that this will make it easier to \u201coperate a crypto business because of the inevitable, and required, changes at the\u201d US Securities and Exchange Commission (<a href=\"https:\/\/coinjournal.net\/search\/SEC\">SEC<\/a>).<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-215427\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/07\/Mark-Cuban.jpg\" alt=\"\" width=\"919\" height=\"943\"\/><\/p>\n<h2>How High?<\/h2>\n<p>Questioning how high <a href=\"https:\/\/coinjournal.net\/search\/bitcoin\">Bitcoin<\/a> can go, Cuban didn\u2019t give a figure, but wrote \u201cway higher than you think,\u201d adding that this is due to its global status, its 21 million Bitcoin limit, and the fact that the currency has unlimited fractionalisation.<\/p>\n<p>In Cuban\u2019s view, Bitcoin could become a safe haven as countries turn to it as they seek to protect their savings if geopolitical uncertainty continues and the dollar declines as a reserve currency.<\/p>\n<p>While he only indicated that this was a possibility and isn\u2019t saying it will happen, he added that it\u2019s already happened in countries facing hyperinflation.<\/p>\n<p>Following Trump\u2019s injury during an <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-related-tokens-surge-after-shooting-incident\">assassination attempt<\/a> at a campaign rally in Pennsylvania, Musk officially endorsed the former GOP President by saying he plans to <a href=\"https:\/\/www.wsj.com\/politics\/elections\/elon-musk-has-said-he-is-committing-around-45-million-a-month-to-a-new-pro-trump-super-pac-dda53823?mod=breakingnews\" target=\"_blank\" rel=\"noopener\">commit $45m a month<\/a> to a new super political action committee backing Trump\u2019s presidential run.<\/p>\n<p>In March, billionaire Elon Musk indicated he wasn\u2019t voting for the Democratic Party in November. The tech mogul who owns Tesla and SpaceX, in addition to X, <a href=\"https:\/\/x.com\/elonmusk\/status\/1771994150038118599\">wrote<\/a> \u201cI voted 100% Dem until a few years ago. Now, I think we need a red wave or America is toast.\u201d<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mark-cuban-inflationary-pressure-could-see-bitcoin-become-global-reserve\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban The billionaire believes Trump\u2019s lower tax rates and tariffs could push up Bitcoin\u2019s price Elon Musk plans to commit $45m a month to back Trump\u2019s presidential [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":34450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34449"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34449"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34450"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}