According to BlockBeats, on July 18, billionaire and renowned investor Mark Cuban shared his views on social media regarding former President Donald Trump's support for cryptocurrencies. Cuban noted that while Trump's endorsement is positive news, it has not significantly impacted cryptocurrency prices. He emphasized that factors such as lower tax rates and tariffs are driving Bitcoin's (BTC) price, with inflation being the fundamental cause. Additionally, the global uncertainty surrounding the United States' geopolitical role and the impact on the US dollar as a reserve currency are contributing factors.
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Addressing the question of how high BTC prices could go, Cuban expressed that Bitcoin's price could be much higher than anticipated. He highlighted that the BTC market is global, with a finite supply capped at 21 million coins, yet it can be infinitely fragmented. As geopolitical uncertainty intensifies and the US dollar's status as a reserve currency diminishes, Bitcoin could emerge as a global