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Mark Cuban says Silicon Valley support for Trump is ‘bitcoin play
The Hill ^ | 07/17/2024 | JULIA SHAPERO

Posted on 07/17/2024 10:43:00 AM PDT by ChicagoConservative27

Television personality and investor Mark Cuban said Wednesday that Silicon Valley’s recent wave of support for former President Trump could be a “play” to boost bitcoin.

Cuban, the pro-crypto billionaire who has backed President Biden’s bid for reelection, argued that the potential inflationary impacts of lower taxes and higher tariffs under a second Trump presidency could drive up the price of bitcoin.

“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’t be popular,” Cuban wrote in a post on the social platform X. “It’s a bitcoin play.”

“What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it’s not always), will be inflationary,” he added. “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.”

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: cuban; siliconvalley; support; trump
Oh STFU Mark
1 posted on 07/17/2024 10:43:00 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

several of the high dollar victim donations come from the financial world ..dont know if silicon valley investors. Catherine Oxenburg donated 50k. Her husband is Ellis Jones.


2 posted on 07/17/2024 10:47:04 AM PDT by RummyChick ( )
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To: ChicagoConservative27

I wonder if this dreamer could possibly get more convoluted in his explanation for people making a sensible shift like the one we’re seeing.

Lefties go straight for the fantasy every time.


3 posted on 07/17/2024 10:47:09 AM PDT by Migraine ( )
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To: ChicagoConservative27

Mark Cuban knows nothing about Silicon Valley.


4 posted on 07/17/2024 10:47:10 AM PDT by Zathras
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To: ChicagoConservative27

Uh, mark, you’re dribbling again....


5 posted on 07/17/2024 10:48:00 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: ChicagoConservative27
Did this clown inherit his wealth? Because he is an economic ignoramus who must of been hiding under a rock for the last 3.5 years Dear Mark Clown Please explain how a few billion in tax cuts cause inflation but the trillions in out of control Biden spending the last 3.5 years did not?


6 posted on 07/17/2024 10:48:45 AM PDT by MNJohnnie (Don't blame me, my congressman is MTG!)
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To: ChicagoConservative27

Really. Who gives a Romeo Alpha what Mark Cuban thinks.


7 posted on 07/17/2024 10:53:37 AM PDT by rlmorel (In Today's Democrat America, The $5 Dollar Bill is the New $1 Dollar Bill.)
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To: ChicagoConservative27

Like Biden’s massive federal borrowing and the monetary printing presses to account for it did not create a lot of the inflation we have now??? Mark Cuban is smoking something and its not tobbacco.


8 posted on 07/17/2024 10:54:05 AM PDT by Wuli ( r)
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To: ChicagoConservative27
will be inflationary,

Mark, if the Silicon Valley bitcoin fund managers want inflation, they should stay with a proven commodity. Biden has created more inflation than any president since Carter. He's their man.

9 posted on 07/17/2024 11:08:38 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: ChicagoConservative27

He may be somewhat right but he is lying about the details.

According to nearly all of the silicon valley gurus, the Biden administration has been openly hostile to the development of crypto technology while Trump has openly endorsed it.

Silicon valley is heavily invested in Bitcoin so it is in their financial interest to have an administration which is favorable to it.

The knocks on tax policy and trade policy have nothing to do with it. He just doesn’t want to admit that the Biden admin are hyper-controlling tyrants who squash innovation, freedom and entrepreneurship.


10 posted on 07/17/2024 11:14:52 AM PDT by nitzy (Everything makes sense once you realize that we don't rule over ourselves and our rulers hate us.)
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To: ChicagoConservative27

I find this to be true. I still think Cuban is a dolt but he seems to be spot on here, in my opinion.


11 posted on 07/17/2024 11:23:24 AM PDT by Tommy Revolts (,,)
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To: ChicagoConservative27

Go back to stealing other people’s businesses Mark.

Dallas Mavs 1, Celtics 4.

Losers.


12 posted on 07/17/2024 11:24:26 AM PDT by Fledermaus (We Are Now In A Civil War!)
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To: ChicagoConservative27

Cuban is a loudmouthed idiot that leaves me mystified as to how he earned his money.


13 posted on 07/17/2024 12:48:33 PM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: ChicagoConservative27

Trump is a silicon valley billionaire now. He’s one of their guys. That’s why.


14 posted on 07/17/2024 12:55:19 PM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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To: ChicagoConservative27

This guy’s public statements sure don’t make me think he’s
1/10th as smart as he thinks he is.


15 posted on 07/17/2024 4:18:36 PM PDT by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands. )
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