Mark Cuban: Bitcoin Could Become What Maximalists Preach

Mark Cuban: Bitcoin Could Become What Maximalists Preach

The American businessman, Mark Cuban, is confident that Bitcoin will achieve great things. However, he considers the likelihood of this happening soon to be significant due to the potential victory of Donald Trump in the U.S. Much of the short-term hopes of the crypto industry are focused on the presidential race of the Republican magnate.

Trump evokes fear in various financial circles due to his stance on Russia and threats to weaken NATO. However, at the same time, he inspires confidence in other sectors, one of which is financial technology. According to Cuban, the support of a large part of the tech sector for the right-wing candidate is tied to his stance on Bitcoin.

In simple terms, he suggests that if Trump did not support cryptocurrencies, the vote of practically the entire tech-financial sector would be missing. Thus, the extravagance of the magnate is the price investors and crypto enthusiasts are willing to pay in exchange for stability. Specifically, a significant part of the expectation centers on Trump renewing the leadership of the Securities and Exchange Commission (SEC).

The SEC is the main headache for companies focused on the world of cryptocurrencies. Creating a regulatory framework for cryptocurrencies and recognizing this sector as a special class of assets would be a major victory.

Mark Cuban Believes the Stars Are Aligned for Bitcoin

In a post on X, Mark Cuban explained the reasons why he believes Bitcoin is ready for a price surge. He mentions that venturing into this sector, which is highly profitable and attractive to capital, is risky due to the SEC’s stance.

Hence, the Trump team has hit the mark with its support for cryptocurrencies. It is an area with broad support among millions of people, primarily the younger generations. It represents a crucial vote in elections that were competitive until recently.

In exchange for supporting the MAGA program, cryptocurrencies could enter a period of great prosperity. Cuban notes that the growth potential is enormous, and it is impossible to determine exactly what the limit will be. “How high can the price go? Much higher than you think. Remember, the BTC market is global. And the supply has a final limit of 21 million BTC, with unlimited fractionalization,” he emphasizes.

He explains that the final result could be that the predictions of Bitcoin maximalists come true. Thus, the currency would become a global reserve asset.

The businessman suggests that the stars could not be better aligned to trigger a significant price increase for Bitcoin. Various venture capitalists and crypto firms are funding Trump’s campaign as an effort to escape the SEC’s crackdown.