Mark Cuban: Inflation is still the essential reason for the rise of BTC, and BTC will become a safe haven for global funds
Billionaire and well-known investor Mark Cuban posted on social media that Trump's support for cryptocurrencies is good news, but it has not really affected the price of cryptocurrencies. The price of BTC is driven by lower taxes and tariffs, which, if history is any guide, are essentially due to inflation. Add to that global uncertainty about the geopolitical role of the United States and the impact on the dollar as a reserve currency.
On the question of how high it can go, Mark Cuban said that the price of BTC will be much higher than thought. Because the BTC market is global, the ultimate limit of supply is 21 million, which can be fragmented without limit. When geopolitical uncertainty increases and the size of the US dollar as a reserve currency decreases, BTC will become a global safe haven, which means that BTC may be something that countries and all of us want to buy as a means of protecting our savings. This is not crazy for a country that is already facing hyperinflation. If things really go further than thought, then BTC becomes a global currency.