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 ...
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.
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.
Mark Cuban knows nothing about Silicon Valley.
Uh, mark, you’re dribbling again....
Really. Who gives a Romeo Alpha what Mark Cuban thinks.
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.
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.
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.
I find this to be true. I still think Cuban is a dolt but he seems to be spot on here, in my opinion.
Go back to stealing other people’s businesses Mark.
Dallas Mavs 1, Celtics 4.
Losers.
Cuban is a loudmouthed idiot that leaves me mystified as to how he earned his money.
Trump is a silicon valley billionaire now. He’s one of their guys. That’s why.
This guy’s public statements sure don’t make me think he’s
1/10th as smart as he thinks he is.
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