Mark Cuban speculates Bitcoin may become a global reserve asset
The entrepreneur and investor has a net worth of $5.4 billion as of 2024 and is no stranger to the world of digital assets.
Entrepreneur and investor Mark Cuban recently speculated that geopolitical instability and inflationary pressures may propel Bitocin to become a global reserve asset.
According to the billionaire, increased support in Silicon Valley for former President Trump could signify a “Bitcoin play” from the Big Tech sector. Cuban explained that the United States’ geopolitical role has come under question and inflationary pressures may worsen with the introduction of future tax cuts already promised by the former president.
Taken together, these developments act as the perfect catalysts to drive the price of Bitcoin (BTC) higher, Cuban said, before clarifying that he wasn’t saying these things will happen, but they are not out of the realm of possibility.
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Author: Vince Quill
