Billionaire Shark Tank investor Mark Cuban has shared his vision of what he will do when the price of Bitcoin hits $ 1 million. The Cuban says he will run for president, but only if some bitcoins are donated to the Treasury Department so that every citizen can get some satoshis every year they are in office. He will require them to hold onto the coins for 10 years.
Mark Cuban Visions Run for President When Bitcoin Hits $ 1 Million
Shark Tank star Mark Cuban tweeted about Bitcoin and the U.S. presidential election on Tuesday in response to a thread started by Virgin Galactic chairman Chamath Palihapitiya. The owner of the National Basketball Association (NBA) Dallas Mavericks wrote:
I’ll run when BTC hits $ 1M and we can get commitments to donate 350 BTC to the Treasury Department each of the 4 years so we can give every citizen 1 satoshi every year to keep for 10 years.
The Shark Tank star initially tweeted “1 Satoshi”, but then corrected: “That’s 100 Satoshis per citizen and year.” One Bitcoin is equivalent to 100 million Satoshis.
Palihapitiya started the thread on Twitter and stated, “By 2030 there will be a viable third political party in the US. Centristic, pragmatic and cuts through the bullshit. The current system is so broken that only a combination of willful blindness and stupidity can support it. “The Cuban replied,” Why do we need political parties at all? ” Palihapitiya replied “probably not if you ran …”
Comments flooded the thread with many people cheering Cubans to really run for US president in 2024. Some commentators suggested that either Palihapitiya or pro-UBI Andrew Yang could be the vice president.
Virgin Galactic’s chairman has long been pro-bitcoin. He repeatedly said that the price of Bitcoin could go up to a million dollars and everyone should own some BTC and advocated having at least 1% of portfolios in the cryptocurrency. Palihapitiya itself has a plan if the price of Bitcoin hits $ 150,000. He tweeted on December 30th:
When BTC hits $ 150,000, I’ll buy The Hamptons and convert it into children’s overnight camps, working farms, and low-cost housing.
Kuban’s opinion on Bitcoin has not always been positive. He previously stated that he “would rather have bananas than Bitcoin” and stressed that he could at least eat one banana. In December, the Cuban began gradually increasing appreciation for the cryptocurrency, arguing that Bitcoin was “a store of value like gold” but added that it is “more religion than the solution to any problem”. Then its Dallas Mavericks began offering goods discounts for customers paying with Bitcoin.
What do you think of Mark Cuban’s Bitcoin plans? Let us know in the comments below.
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