Billionaire and well-known investor Mark Cuban said that Trump's support for cryptocurrencies is good news, but it has not really affected the price of cryptocurrencies. What drives the price of BTC is lower taxes and tariffs, and if history is a guide, the fundamental reason is inflation. Coupled with global uncertainty about the geopolitical role of the United States and the impact on the dollar as a reserve currency, BTC will become a safe haven for funds.
Cuban said that inflation and uncertainty about the U.S.’s role in geopolitics are a foregone conclusion under Trump’s leadership, and there is no better time for Bitcoin prices to accelerate, and such an environment may push BTC to become “a global currency.” (Coindesk) #BinanceRiskSniper
