Entrepreneur and sports team owner Mark Cuban recently criticized the notion that Donald Trump winning the 2024 election could impact the price of Bitcoin BTC/USD, a belief held by many with the former president’s recent pivot to cryptocurrency.
What Happened: Cuban recently argued that Trump’s potential return to the White House wouldn’t directly influence the price of Bitcoin. The entrepreneur suggested instead that Trump in office could make it easier to make changes to how the Securities and Exchange Commission (SEC) handles the cryptocurrency sector.
While Cuban has been critical of Trump’s influence on the price of Bitcoin and both Trump and President Joe Biden overall understanding of cryptocurrencies, the entrepreneur has previously suggested that a pro-crypto stance from Trump could help him win the 2024 election.
Votes from young people and Independent voters could shift towards Trump and away from Biden and the SEC’s anti-crypto stance during his administration, Cuban suggested.
The latest comments from Cuban come as Bitcoin is up over 50% year-to-date in 2024, as seen on the Benzinga Pro chart below.
Cuban has not shied away from being critical of Trump ahead of the 2024 election. In a 2022 episode of the "Club Random" podcast with Bill Maher, Cuban discussed politics and what he thought of the former president.
Cuban on Trump: Cuban brushed aside comparisons to Trump due to being a businessman.
"So I'm at the White House for a healthcare thing and Trump, I didn't expect it, but he's like, oh come on into the West Wing. You know, because I've been s***ting on him the whole time and he didn't care and he's talking and he's talking nonsense about a lot of things. Ten percent legit and 90% nonsense," Cuban said in the previous interview.
Cuban told Maher that Trump may have changed politics forever.
"So, I think Trump has been political chemotherapy."
Maher added that people who get chemotherapy sometimes die.
"Right, a lot of them die. A lot of the systems, they change," Cuban added.
Cuban said his kids may be able to look back and see how Trump changed politics forever.
"My kids, when they're 60 years old and say, hopefully, say, look, we went through, the country went through the s*** when I was a kid, but we learned from it. I think we're starting to learn from what happened. You're seeing them throw him under the bus."
The duo referenced Rupert Murdoch as one person turning on Trump with the New York Post using the headline about a “Florida man” making an announcement for when Trump declared his intent to run for president again.
People who supported Trump are now moving to call him out, Cuban said.
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This article was previously published by Benzinga and has been updated.
Image by Gage Skidmore via Flickr
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