Billionaire Mark Cuban reportedly believes Kamala Harris would take a more welcoming approach to business, cryptocurrency and artificial intelligence (AI) than the current US president.
In a new report from Politico, the Shark Tank star says that the current Vice President and potential Democratic nominee for US president will usher in a more favorable crypto agenda.
“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service. Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”
If Harris secures her party’s nomination, she will face off this November against Republican nominee and former president Donald Trump, who is seen as supportive of digital assets.
Biden ended his re-election bid on Sunday.
Cuban previously said that if Trump is re-elected, Bitcoin (BTC) will soar “much higher than you think.”
According to Cuban, a Trump presidency will make it easier to operate a crypto business in the US due to “inevitable and required” changes at the U.S. Securities and Exchange Commission (SEC).
He also says that inflationary pressures and geopolitical uncertainty will drive Bitcoin to greater heights.
“What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it’s not always), will be inflationary.
Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration.”
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