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Mark Cuban’s Bitcoin Plan: Run for President if BTC Hits $1 Million, Free Satoshis for Each Citizen

01/07/2021
Mark Cuban's Bitcoin Plan: Run for President if BTC Hits $1 Million, Free Satoshis for Every Citizen

Billionaire Shark Tank investor Mark Cuban has shared his thought of what he’ll do when the worth of bitcoin hits $1 million. Cuban says he’ll run for president however provided that some bitcoins are donated to the Treasury so that each citizen receives some satoshis every year he’s in workplace. He would require them to carry onto the cash for 10 years.

Mark Cuban Envisions Operating for President When Bitcoin Hits $1 Million

Shark Tank star Mark Cuban tweeted about bitcoin and the U.S. presidential election Tuesday in reply to a thread began by the Virgin Galactic chairman Chamath Palihapitiya. The proprietor of the Nationwide Basketball Affiliation’s (NBA) Dallas Mavericks wrote:

I’ll run if BTC will get to $1m and we are able to get commitments to donate 350 BTC to the Treasury every of the 4 yrs in order that we can provide 1 satoshi to each citizen every yr, that they have to maintain for 10 years.

The Shark Tank star initially tweeted “1 satoshi” however subsequently made a correction, stating, “that’s 100 satoshis per citizen per yr.” One bitcoin is equal to 100 million satoshis.

Palihapitiya began the thread on Twitter, stating: “There might be a viable third political get together within the US by 2030. Centrist, pragmatic and cuts via the bullshit. The present system is so damaged, you may solely help it via a mixture of willful blindness and stupidity.” Cuban replied: “Why do we’d like political events in any respect?” Palihapitiya responded with “most likely wouldn’t in case you would run…”

Feedback flooded the thread with many individuals 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 very well be the vp.

The Virgin Galactic chairman has lengthy been professional bitcoin. He repeatedly stated that the worth of bitcoin may go to one million {dollars} and everybody ought to personal some BTC, advocating having a minimum of 1% of portfolios within the cryptocurrency. Palihapitiya himself has a plan when the worth of bitcoin reaches $150,000. He tweeted on Dec. 30:

When BTC will get to $150k, I’ll purchase The Hamptons and convert it to sleepaway camps for teenagers, working farms and low-cost housing.

Cuban’s opinion of bitcoin was not at all times constructive. He beforehand acknowledged that he would “somewhat have bananas than bitcoin,” emphasizing that he may a minimum of eat a banana. In December, Cuban began exhibiting an incremental development of appreciation for the cryptocurrency, arguing that bitcoin was “a retailer of worth like gold” however added that it “is extra faith than resolution to any downside.” Then his Dallas Mavericks began providing merchandise reductions for purchasers paying with bitcoin.

What do you concentrate on Mark Cuban’s bitcoin plans? Tell us within the feedback part under.

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