Mark Cuban, the billionaire Shark Tank star, sees a perfect storm brewing for Bitcoin. He reckons the cryptocurrency could skyrocket under a potential Trump presidency.
Cuban shared his thoughts with his 8.8 million X followers. He thinks Silicon Valley's growing support for Trump is a "Bitcoin play".
Why? Cuban believes Trump would make it easier to run crypto businesses in the US. He expects "inevitable and required" changes at the SEC.
But that's not all. Cuban points to other factors that could drive Bitcoin higher.
"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," he says.
He adds, "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."
Once Trump's in power and geopolitical uncertainty sets in, Cuban reckons Bitcoin could become a "safe haven". He thinks its price could go "way higher than you think".
Cuban's bullish on Bitcoin's global potential. He reminds us that Bitcoin has a final supply limit of 21 million coins, with unlimited fractionalization.
"Keep that in mind as you consider what happens if because of geopolitical uncertainty and the decline of the dollar as the reserve currency, BTC becomes a 'safe haven' globally," he says.
Cuban's not pulling punches. He suggests Bitcoin could become "what countries and all of us look to buy as a means to protect our savings".
Is this far-fetched? Not according to Cuban. He points out it's already happening in countries facing hyperinflation.
He wraps up with a bold prediction. "And if things really go further than we can imagine today (and I'm not saying they will. Just that this has a possibility somewhere above zero), then BTC becomes exactly what the maxis envision. A global currency."
It's a wild ride, folks. But in the unpredictable world of crypto, who knows? Cuban might just be onto something.