"How high can the Bitcoin price go," Billionaire investor Mark Cuban asked on X.
"Way higher than you think."
Now, after a leak sparked expectations of a Wall Street bitcoin and crypto earthquake, billionaire investor Mark Cuban has issued a "crazy" bitcoin price prediction.
The SEC and the Biden administration have been accused of waging a war against bitcoin and crypto—an idea embraced by the 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’s not always ), will be inflationary," Cuban said. "Combine that with global uncertainty as to the geopolitical role of the U.S. and the impact on the U.S. dollar as a reserve currency, and you can’t align the stars any better for a bitcoin price acceleration."
According to Cuban, bitcoin could become what its most ardent supporters "envision"—a means "to protect our savings ... It already happens in countries facing hyperinflation."
