Billionaire investor Shark Tank, Mark Cuban, shared his idea of what he will do when the price of bitcoin reaches $ 1 million. Cuban says he will run for president, but only if a few bitcoins are donated to the Treasury, so that each citizen receives some satoshis each year he is in office. He will require them to keep the coins for 10 years.
Mark Cuban expects to run for president when Bitcoin reaches $ 1 million
Shark Tank star Mark Cuban tweeted about bitcoin and the U.S. presidential election on Tuesday in response to a topic initiated by Virgin Galactic President Chamath Palihapitiya. The owner of the Dallas Mavericks of the National Basketball Association (NBA) wrote:
I will run if the BTC reaches $ 1 million and we get commitments to donate 350 BTC to the Treasury every 4 years, so that we can give 1 citizen satoshi each year, which they must keep for 10 years.
The Shark Tank star initially tweeted “1 satoshi”, but later made a correction, stating: “There are 100 satoshis per citizen per year”. One bitcoin is equivalent to 100 million satoshis.
Palihapitiya started the topic on Twitter, stating: “There will be a third viable political party in the United States in 2030. Centrist, pragmatic and cutting the bullshit. The current system is so broken that you can only sustain it through a combination of intentional blindness and stupidity ”. Cuban replied: “Why do we need political parties?” Palihapitiya replied with “I probably wouldn’t do it if you ran away …”
Comments flooded the topic with many people hoping that Cuban would actually run for president of the United States in 2024. Some commentators suggested that Palihapitiya or pro-UBI Andrew Yang could be the vice president.
Virgin Galactic’s president has long been pro-bitcoin. He repeatedly said that the price of bitcoin could reach a million dollars and that everyone should own some BTC, advocating having at least 1% of the wallets in the cryptocurrency. Palihapitiya himself has a plan when the price of bitcoin reaches $ 150,000. He tweeted on December 30:
When the BTC reaches $ 150,000, I will buy the Hamptons and convert them into camps for children, working farms and low-cost housing.
Cuban’s opinion of bitcoin has not always been positive. He previously stated that he “preferred bananas to bitcoin”, emphasizing that he could at least eat a banana. In December, Cuban began to show an incremental increase in the appreciation of the cryptocurrency, arguing that bitcoin was “a store of value like gold”, but added that “it is more religion than solution to any problem”. Then his Dallas Mavericks started offering discounts on merchandise to customers who paid with bitcoin.
What do you think of Mark Cuban’s bitcoin plans? Let us know in the comments section below.
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