According to BlockBeats, on July 18, billionaire Mark Cuban said that Trump's support for cryptocurrency is good news, but it has not really affected the price. What drives BTC prices is lower taxes and tariffs, and the fundamental reason is inflation.
Cuban said that the price of BTC will be much higher than expected. The BTC market is global, the supply is limited to 21 million pieces, and it can be fragmented without limit. As geopolitical uncertainty intensifies and the status of the US dollar as a reserve currency declines, BTC will become a global safe haven.
Cuban believes that BTC could become a means for countries and individuals to protect their savings, especially in countries facing hyperinflation. If the situation worsens further, BTC could become a global currency.