Bitcoin
Billionaire Mark Cuban issues ‘crazy’ Bitcoin price prediction amid wild swings in Ethereum, XRP and cryptocurrencies
Bitcoin
Bitcoin
has exploded into prominence in recent weeks, with former US President Donald Trump revealing a bombshell about bitcoin.
Bitcoin price has rebounded to all-time highs of nearly $70,000 per bitcoin, supporting the broader cryptocurrency market, including the top ten cryptocurrencies, Ethereum and XRP.
XRP
, as traders await a major turnaround in China.
Now, after a leak raised expectations of a bitcoin and cryptocurrency earthquake on Wall StreetBillionaire investor Mark Cuban has issued a “crazy” prediction about the price of bitcoin.
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Billionaire Shark Tank investor Mark Cuban has predicted that the price of bitcoin could “go higher… [+] than you think.”
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“How high can the [bitcoin] price goes,” Cuban asked in X. “Much higher than you think.”
Cuban highlighted bitcoin’s supply cap of 21 million and the bitcoin market being global, predicting that if the US dollar falls as the global reserve currency, bitcoin could become “a ‘safe haven’ globally” and a “global currency.”
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
Bitcoin’s price has soared over the past year, largely due to the world’s largest asset manager, BlackRock, leading Bitcoin’s charge on Wall Street.
A fleet of spot bitcoin exchange-traded funds (ETFs), led by BlackRock’s IBIT fund, have become some of the fastest-growing ETFs in history since their launch in January, sparking speculation that bitcoin’s price could follow a similar trajectory to gold, which soared in the years following the debut of its first ETF.
Cuban also said he believes the growing support among Silicon Valley founders, investors and executives for 2024 Republican White House candidate Donald Trump is actually a “bitcoin play.”
Musk officially endorsed Trump over the weekend after the former president was injured during an assassination attempt at a campaign rally in Pennsylvania, joining a flood of other tech founders and investors who have backed Trump.
“Not because the former president is a much stronger proponent of crypto,” Cuban wrote. “That’s cool. But it doesn’t really impact the price of crypto. It makes it easier to operate a crypto business because of the inevitable and necessary changes in the [U.S. Securities and Exchange Commission] SEC.”
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ForbesProject 2025 Sets Bitcoin Up for a $16 Trillion Price Showdown With GoldBy Billy Bambrough
The price of bitcoin has been on the rise again over the past year, with some issuing bullish predictions about the price of bitcoin… [+] predictions that could mean it goes much higher.
Forbes Digital Assets
The SEC and the Biden administration have been accused of waging war on bitcoin and cryptocurrencies — an idea embraced by influential Democratic Senator Elizabeth Warren.
“What will drive the price of bitcoin is lower tax rates and tariffs, which, if history is any guide (and it isn’t always), will be inflationary,” Cuban said. “Combine that with global uncertainty about the geopolitical role of the U.S. and the impact on the U.S. dollar as a reserve currency, and you can’t get the stars to align better for an acceleration in the price of bitcoin.”
Cuban, who is an outspoken Democrat, supporter of US President Joe Biden and said in 2018 that he would rather have bananas than bitcoin, became a convert to bitcoin and cryptocurrencies during the Covid pandemic and has warned that Trump could win the 2024 election due to Biden’s opposition to cryptocurrencies.
This week, Trump named pro-bitcoin and cryptocurrency former venture capitalist JD Vance as his 2024 running mate.
Trump has leaned into bitcoin and crypto in recent months after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs) and putting him at sharp odds with the Biden administration’s anti-crypto stance. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin and a handful of other cryptocurrencies.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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