While responding to a tweet from billionaire Chamath Palihapitiya, Mark Cuban said that he would run as a US presidential candidate. As the president of the US, the Dallas Mavericks’ owner he would give away free bitcoin to every citizen.
The Shark Tank star tweeted on January 5, 2021:
“I’ll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to the Treasury each of the 4 yrs so that we can give 1 satoshi to every citizen each yr, that they must hold for 10 years.”
Cuban’s response came in after Palihapitiya said the current political framework requires fixing, forecasting “a viable third political party in the US by 2030.” Cuban then questioned the general concept of political parties. In response, Palihapitiya said the United States would likely not require such parties if Cuban runs for office.
Cuban has spoken about BTC multiple times over the last two years. Some of the most recent comments include a stance on the asset as:
“a store of value like gold that is more religion than a solution to any problem no matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not.”
At the center, Cuban’s general view of bitcoin is not quite far away from the industry’s outlook on the coin. Both Cuban and crypto sector experts see the digital asset as a dependable store of value that is similar to gold.
However, Cuban has previously called for more user simplicity for the asset and touching on multiple other points over the years. On the contrary, the crypto pundits see bitcoin as solving an assortment of many other issues, instead of simply acting as an alternative store of value.