Billionaire Shark Tank investor Mark Cuban has shared his thought of what he’ll do when the cost of bitcoin hits $1 million. Cuban says he’ll run for president however provided that some bitcoins are donated to the Treasury in order that each and every citizen receives some satoshis every 12 months he’s in place of business. He’s going to require them to carry onto the cash for 10 years.
Mark Cuban Envisions Working for President When Bitcoin Hits $1 Million
Shark Tank famous person Mark Cuban tweeted about bitcoin and the U.S. presidential election Tuesday in respond to a thread began via the Virgin Galactic chairman Chamath Palihapitiya. The landlord of the Nationwide Basketball Affiliation’s (NBA) Dallas Mavericks wrote:
I’ll run if BTC will get to $1m and we will get commitments to donate 350 BTC to the Treasury every of the four yrs in order that we will give 1 satoshi to each and every citizen every 12 months, that they should cling for 10 years.
The Shark Tank famous person to start with tweeted “1 satoshi” however due to this fact made a correction, declaring, “that’s 100 satoshis consistent with citizen consistent with 12 months.” One bitcoin is similar to 100 million satoshis.
Palihapitiya began the thread on Twitter, declaring: “There will probably be a viable 3rd political birthday party in the USA via 2030. Centrist, pragmatic and cuts throughout the bullshit. The present gadget is so damaged, you’ll be able to handiest beef up it thru a mixture of willful blindness and stupidity.” Cuban responded: “Why do we want political events in any respect?” Palihapitiya answered with “almost definitely wouldn’t in the event you would run…”
Feedback flooded the thread with many of us cheering for Cuban to actually run for U.S. president in 2024. Some commenters urged that both Palihapitiya or the pro-UBI Andrew Yang may well be the vp.
The Virgin Galactic chairman has lengthy been professional bitcoin. He again and again mentioned that the cost of bitcoin may just pass to one million bucks and everybody must personal some BTC, advocating having a minimum of 1% of portfolios within the cryptocurrency. Palihapitiya himself has a plan when the cost of bitcoin reaches $150,000. He tweeted on Dec. 30:
When BTC will get to $150ok, I can purchase The Hamptons and convert it to sleepaway camps for youngsters, operating farms and cheap housing.
Cuban’s opinion of bitcoin used to be no longer at all times sure. He prior to now said that he would “fairly have bananas than bitcoin,” emphasizing that he may just a minimum of devour a banana. In December, Cuban began appearing an incremental expansion of appreciation for the cryptocurrency, arguing that bitcoin used to be “a shop of worth like gold” however added that it “is extra faith than option to any drawback.” Then his Dallas Mavericks began providing products reductions for patrons paying with bitcoin.
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