Mark Cuban: BTC may become a safe haven and global currency

Odaily Odaily News Billionaire and well-known investor Mark Cuban said that Trump's support for cryptocurrency is good news, but it has not really affected the price of cryptocurrency. What drives the price of BTC is lower tax rates and tariffs. If history is a guide, the fundamental reason is inflation. Coupled with the global uncertainty of the United States' geopolitical role and the impact on the dollar as a reserve currency, BTC will become a safe haven for funds. Cuban said that under Trump's leadership, inflation and uncertainty about the role of the United States in geopolitics are a foregone conclusion, and there is no better time for the acceleration of Bitcoin prices. Such an environment may promote BTC to become "a global currency." (Coindesk)