Billionaire Mark Cuban reportedly believes Kamala Harris would take a more hospitable approach to business, cryptocurrency and artificial intelligence (AI) than the current US president.
In a new report from Politico, the Shark Tank star says 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 much more open to business. [artificial intelligence], crypto and government as a service. Changing the policy changes the message and lets everyone know that she is in charge and literally open for business.”
If Harris secures her party’s nomination, she will face Republican nominee and former President Donald Trump, who is seen as a proponent of digital assets, in November.
Biden ended his re-election bid on Sunday.
Cuban previously said that if Trump is re-elected, Bitcoin (BTC) will “rise a lot higher than you think.”
According to Cuban, a Trump presidency will make it easier to run a crypto business in the US due to “inevitable and necessary” changes at the US 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 are lower tax rates and rates, which, if history is any guide (and it isn’t always), will be inflationary.
Combine that with global uncertainty about the US geopolitical role and the impact on the US dollar as a reserve currency, and the stars couldn’t be more aligned for BTC price acceleration.”
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Featured image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia