Reported 5 months ago
Mark Cuban suggests that the increasing support of Silicon Valley entrepreneurs for Donald Trump is primarily driven by the potential for rising Bitcoin prices due to lower tax rates and tariffs. He notes that tech figures like Elon Musk and the Winklevoss twins have significantly donated to Trump's campaign, indicating that their motives are tied to Bitcoin's price trajectory rather than a genuine belief in Trump's support for crypto. Cuban emphasizes that Trump's recent shift towards a more favorable stance on Bitcoin could influence the industry dynamics.
Source: YAHOO