{"id":15320,"date":"2024-07-18T13:43:27","date_gmt":"2024-07-18T10:43:27","guid":{"rendered":"https:\/\/forklog.com\/en\/mark-cuban-considers-bitcoin-as-a-potential-global-reserve-currency\/"},"modified":"2024-07-18T13:43:27","modified_gmt":"2024-07-18T10:43:27","slug":"mark-cuban-considers-bitcoin-as-a-potential-global-reserve-currency","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mark-cuban-considers-bitcoin-as-a-potential-global-reserve-currency\/","title":{"rendered":"Mark Cuban Considers Bitcoin as a Potential Global Reserve Currency"},"content":{"rendered":"<p>Amid geopolitical uncertainty and the dollar&#8217;s faltering role as a reserve currency, bitcoin could emerge as a global &#8220;safe haven,&#8221; according to billionaire investor Mark Cuban.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Part 1 <br \/>Here is a contrary opinion on the emergence of Silicon Valley support for former President Trump. Which like all my opinions on here, probably won\u2019t be popular. <\/p>\n<p>It\u2019s a bitcoin play. <\/p>\n<p>Not because the former President is a far stronger proponent of crypto. That\u2019s nice.\u2026<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1813591281970348264?ref_src=twsrc%5Etfw\">July 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This would mean a global increase in demand for the leading cryptocurrency as a means of preserving savings, he added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Madness? It&#8217;s already happening in countries facing hyperinflation. And if things progress as we currently envision (and I&#8217;m not saying they will, just that the probability is above zero), then BTC will become what maximalists suggest\u2014a global currency,&#8221; Cuban wrote.<\/p>\n<\/blockquote>\n<p>He also explained why he believes the potential return of Donald Trump to the U.S. presidency could be a catalyst for the growth of digital gold.<\/p>\n<p>According to him, the politician&#8217;s declared <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-describes-bitcoin-as-an-additional-form-of-currency\">support for bitcoin<\/a> does not actually influence its price. Possible changes would involve simplifying crypto business operations due to inevitable personnel decisions regarding the U.S. Securities and Exchange Commission (SEC), Cuban believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;What will affect the price of bitcoin are lower tax rates and tariffs, which, judging by history (though not always), contribute to inflation,&#8221; he stated.<\/p>\n<\/blockquote>\n<p>As a result of these converging factors, digital gold could accelerate growth beyond expectations, the investor emphasized.<\/p>\n<p>In May, Cuban suggested that Trump&#8217;s demonstrated support for cryptocurrencies might help him win the election. At that time, he <a href=\"https:\/\/forklog.com\/en\/news\/mark-cuban-joins-critics-of-bidens-cryptocurrency-policy\">stated<\/a> that the SEC&#8217;s confrontation with the industry could negatively impact support for incumbent President Joe Biden. In June, the billionaire reaffirmed his view on the importance of candidates&#8217; attitudes towards digital assets.<\/p>\n<p>Earlier, Ripple CEO Brad Garlinghouse also suggested that Biden could lose due to SEC Chairman Gary Gensler&#8217;s policies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid geopolitical uncertainty and the dollar&#8217;s faltering role as a reserve currency, bitcoin could emerge as a global &#8220;safe haven,&#8221; according to billionaire investor Mark Cuban. Part 1 Here is a contrary opinion on the emergence of Silicon Valley support for former President Trump. Which like all my opinions on here, probably won\u2019t be popular. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1551,1138],"class_list":["post-15320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-mark-cuban","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15320"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15319"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}