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Mark Cuban: Inflation is still the fundamental reason for the rise of BTC, and BTC will become a "safe haven" for global funds

BlockBeats news, on July 18, billionaire and well-known investor Mark Cuban posted on social media that Trump's support for cryptocurrency is good news, but it has not really affected the price of cryptocurrency. What drives the price of BTC is lower tax rates and tariffs. If history is a guide, the fundamental reason is inflation. Coupled with the global uncertainty of the United States' geopolitical role and the impact on the dollar as a reserve currency.

As for the question of "how high it can go", Mark Cuban said that the price of BTC will be "much higher than imagined". Because the BTC market is global, the ultimate limit of supply is 21 million pieces, which can be fragmented without limit. When geopolitical uncertainty intensifies and the size of the US dollar as a reserve currency declines, BTC will become a global "safe haven", which means that BTC may be something that everyone in all countries wants to buy as a means of protecting savings. This is not crazy for a country that is already facing hyperinflation. If things really go further than imagined, then BTC will become a global currency.

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Rhythm Morning News｜A list of important news from last night and this morning on July 18

1. The probability of Biden withdrawing from the US presidential election has soared to 62% on Polymarket. He has previously stated that he will consider withdrawing from the campaign if he has health problems. 2. Grayscale launches new decentralized artificial intelligence funds, including Bittensor, Filecoin, Livepeer, Near and Render projects, among which Near, Filecoin and Render have the highest weights. 3. The fees of 9 spot Ethereum ETFs have been announced, ranging from 0.19% to 2.50%, some of which have early free management fee discounts. 4. US Bitcoin spot ETFs have had net inflows for 9 consecutive days, with a net inflow of US$53 million yesterday. 5. Vitalik Buterin opposes making political voting choices based solely on whether or not to support cryptocurrencies, emphasizing that the overall platform and views of politicians should be considered

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