Mark Cuban: Bitcoin could become a global reserve asset amid geopolitical tensions

Billionaire Mark Cuban suggests Bitcoin could become a global reserve asset as geopolitical tensions and inflation rise. He notes that increased Silicon Valley support for former President Trump and potential future tax cuts could drive Bitcoin’s value higher.

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In Venezuela, economic struggles have led many to adopt cryptocurrencies, which made up 9% of remittances in 2023 due to lower costs and faster transactions. Similarly, Argentina’s severe inflation (276% annually) has driven many to use digital currencies as an alternative to traditional financial systems.

Cuban acknowledges these trends but doesn’t predict them with certainty.

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