Renowned entrepreneur and investor Mark Cuban has an interesting theory on BTC, Trump and Silicon Valley.
Waves of new support have not only come for Donald Trump following his assassination attempt this week.
But also new money, from traditional finance and newer sources into BTC and the crypto industry overall.
Mark Cuban reckons he knows why Silicon Valley all of a sudden supports Donald Trump (a big ally to have).
And it comes down to the SEC he says on X:
“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’t be popular. It’s a bitcoin play. Not because the former President is a far stronger proponent of crypto. That’s nice. But doesn’t really impact the price of crypto. It makes it easier to operate a crypto business because of the inevitable, and required, changes at the SEC 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. 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”
Obviously that’s good news not just for bitcoin but the crypto industry as a whole.
Bitcoin while it is the flagship cryptocurrency, is just one.
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Many crypto analysts predict an almost unthinkable, crazy as it seems, but what they say, could be a $1 million valuation per bitcoin in 2025.
While they are credible analysts, it is important to caution such wild speculation.
As per above, Cuban also thinks it will pump in the future.
But there’s always ups and downs in everything and you have to allow for the market changes that always happen, too.
There are thousands more and thousands more starting all the time.
Many in the East that are never covered much by Western Media either.
While bitcoin gets all the crypto headlines in the West there are many new coins and related technologies emerging.
Don’t always be a speculator looking at what the crowd is doing.
Be different.
Dig a little deeper.
Find out how far the rabbit hole really goes.
It is a true saying in anything not less the digital currencies, investing, and finance news space, alas.
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