Mark Cuban, renowned entrepreneur and investor, recently shared a controversial opinion on the growing support for former President Trump among Silicon Valley elites, linking it to a potential Bitcoin boom. Cuban believes that the support isn’t due to Trump’s stance on cryptocurrency but rather the expected changes at the SEC, which will facilitate easier crypto business operations.

Cuban argues that the primary drivers of Bitcoin’s price increase will be lower tax rates and tariffs under Trump’s policies, potentially leading to inflation. This, combined with global geopolitical uncertainty and the US dollar’s status as a reserve currency, sets a favorable stage for Bitcoin’s price acceleration.

Furthermore, Cuban predicts that Bitcoin’s price could soar higher than anticipated due to its global market and limited supply of 21 million BTC. As geopolitical instability rises, Bitcoin may become a global “safe haven,” much like it has in countries facing hyperinflation, potentially transforming into a global currency.