“It’s a Bitcoin play,” said billionaire businessman Mark Cuban on Wednesday as Donald Trump remains a major talking point in crypto, Capitol Hill, and Silicon Valley. Trump told Bloomberg he would reduce corporate taxes to 15-20%. Cuban believes lower tax rates and tariffs could theoretically trigger Bitcoin’s (BTC) parabolic run and herald much higher prices.
“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,” Cuban posted on X.
Furthermore, the crypto proponent surmised that Silicon Valley titans view a Trump presidency as the best bet for solidifying Bitcoin as a technologically superior global currency and the preferred inflation hedge. Venture capitalist founders Marc Andreessen, Ben Horowitz, and Palantir’s Joe Lonsdale donated $8.7 million to America Pac, which supports Trump’s campaign.
More California tycoons are reportedly lining up to offer financial support, and several crypto-native names, like Kraken founder Jesse Powell, have already committed millions to the former president’s cause.
If this happens and Trump becomes president in November, Cuban said BTC prices may eventually go higher than some might think.
[Source: Crypto.news – Image: Christopher Willard/ABC/Getty Images]
