As the 2024 presidential race heats up, a new debate has emerged regarding Silicon Valley’s recent support for former President Donald Trump’s comeback bid for the White House. According to billionaire investor Mark Cuban, this support may have less to do with Trump’s pro-crypto regulatory stance and more with a calculated play to “pump” the Bitcoin price. Cuban Sparks Debate On Trump, Silicon Valley, And Bitcoin In a series of social media posts on Wednesday, Cuban highlights that Trump’s pro-crypto stance, while favorable, may not directly impact the price of cryptocurrencies. Instead, Cuban argues that the crucial factor lies in the potential changes at the Securities and Exchange Commission (SEC) that could facilitate the easier operation of crypto businesses. Related Reading: PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH But what could drive Bitcoin’s price, Cuban said, are lower tax rates and tariffs, which historically have had an inflationary effect. “It’s a Bitcoin play,” he added, referring to Trump’s tax agenda and Silicon Valley’s appeal to those policies. Drawing att ..
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