Mark Cuban: Inflationary Pressure Could Make Bitcoin a Global Reserve Currency

• Inflationary pressure and geopolitical uncertainty could make Bitcoin a global reserve currency, Cuban says
• Billionaire believes Trump’s lower tax rates and tariffs could drive up Bitcoin price
• Elon Musk plans to invest $45 million per month to support Trump’s presidential campaign

American billionaire Mark Cuban believes that thanks to a combination of inflationary pressure and geopolitical uncertainty, Bitcoin could become a global reserve currency.

Speaking to X, the billionaire said Silicon Valley’s support for former President Donald Trump was a “bitcoin play” to drive up its price. Cuban, who backed Joe Biden for re-election, said lower taxes and tariffs under Trump could drive up the price of bitcoin.

“Combine this with global uncertainty over the geopolitical role of the United States and the impact on the US dollar as a reserve currency, and you couldn’t have a better aligned stars for an acceleration in BTC price,” Cuban wrote.

He added that this will make it easier to “operate a cryptocurrency business due to the inevitable and necessary changes within the United States Securities and Exchange Commission (SEC).”

How high ?

Asked about the maximum value Bitcoin could reach, Cuban did not give a figure, but wrote “much higher than you think,” adding that this is due to its global status, its limit of 21 million Bitcoins and the fact that the currency has unlimited fractionalization.

Cuban said Bitcoin could become a safe haven that countries would turn to to protect their savings if geopolitical uncertainty persists and the dollar declines as a reserve currency.

Although he only indicated that it was a possibility and did not say it would happen, he added that it had already happened in countries facing hyperinflation.

After Trump was injured in an assassination attempt at a campaign rally in Pennsylvania, Musk officially endorsed the former Republican president, saying he planned to commit to $45 million per month to a new political action super committee supporting Trump’s presidential bid.

In March, billionaire Elon Musk indicated that he would not vote for the Democratic Party in November. The tech mogul, who owns Tesla and SpaceX, in addition to X, wrote “I voted 100% Democrat until a few years ago. Now I think we need a red wave or America is done.”