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Billionaire Mark Cuban issues ‘crazy’ Bitcoin price prediction amid wild swings in Ethereum, XRP and cryptocurrencies

SatoshiTimes Staff

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Billionaire Mark Cuban issues 'crazy' Bitcoin price prediction amid wild swings in Ethereum, XRP and cryptocurrencies

Bitcoin
Bitcoin
has exploded into prominence in recent weeks, with former US President Donald Trump revealing a bombshell about bitcoin.

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Bitcoin price has rebounded to all-time highs of nearly $70,000 per bitcoin, supporting the broader cryptocurrency market, including the top ten cryptocurrencies, Ethereum and XRP.
XRP
, as traders await a major turnaround in China.

Now, after a leak raised expectations of a bitcoin and cryptocurrency earthquake on Wall StreetBillionaire investor Mark Cuban has issued a “crazy” prediction about the price of bitcoin.

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Forbes ‘He Changed His Tune’ – Trump Reveals JPMorgan CEO Suddenly Shifted Away From Bitcoin And Cryptocurrencies Amid Massive Price SurgeBy Billy Bambrough

Billionaire Shark Tank investor Mark Cuban has predicted that the price of bitcoin could “go higher… [+] than you think.”

Getty Images

“How high can the [bitcoin] price goes,” Cuban asked in X. “Much higher than you think.”

Cuban highlighted bitcoin’s supply cap of 21 million and the bitcoin market being global, predicting that if the US dollar falls as the global reserve currency, bitcoin could become “a ‘safe haven’ globally” and a “global currency.”

According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”

Bitcoin’s price has soared over the past year, largely due to the world’s largest asset manager, BlackRock, leading Bitcoin’s charge on Wall Street.

A fleet of spot bitcoin exchange-traded funds (ETFs), led by BlackRock’s IBIT fund, have become some of the fastest-growing ETFs in history since their launch in January, sparking speculation that bitcoin’s price could follow a similar trajectory to gold, which soared in the years following the debut of its first ETF.

Cuban also said he believes the growing support among Silicon Valley founders, investors and executives for 2024 Republican White House candidate Donald Trump is actually a “bitcoin play.”

Musk officially endorsed Trump over the weekend after the former president was injured during an assassination attempt at a campaign rally in Pennsylvania, joining a flood of other tech founders and investors who have backed Trump.

“Not because the former president is a much stronger proponent of crypto,” Cuban wrote. “That’s cool. But it doesn’t really impact the price of crypto. It makes it easier to operate a crypto business because of the inevitable and necessary changes in the [U.S. Securities and Exchange Commission] SEC.”

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ForbesProject 2025 Sets Bitcoin Up for a $16 Trillion Price Showdown With GoldBy Billy Bambrough

The price of bitcoin has been on the rise again over the past year, with some issuing bullish predictions about the price of bitcoin… [+] predictions that could mean it goes much higher.

Forbes Digital Assets

The SEC and the Biden administration have been accused of waging war on bitcoin and cryptocurrencies — an idea embraced by influential Democratic Senator Elizabeth Warren.

“What will drive the price of bitcoin is lower tax rates and tariffs, which, if history is any guide (and it isn’t always), will be inflationary,” Cuban said. “Combine that with global uncertainty about the geopolitical role of the U.S. and the impact on the U.S. dollar as a reserve currency, and you can’t get the stars to align better for an acceleration in the price of bitcoin.”

Cuban, who is an outspoken Democrat, supporter of US President Joe Biden and said in 2018 that he would rather have bananas than bitcoin, became a convert to bitcoin and cryptocurrencies during the Covid pandemic and has warned that Trump could win the 2024 election due to Biden’s opposition to cryptocurrencies.

This week, Trump named pro-bitcoin and cryptocurrency former venture capitalist JD Vance as his 2024 running mate.

Trump has leaned into bitcoin and crypto in recent months after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs) and putting him at sharp odds with the Biden administration’s anti-crypto stance. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin and a handful of other cryptocurrencies.

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We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

SatoshiTimes Staff

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What to watch for in the markets

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

  • Verizon will report earnings before the start of operations.

Tuesday

  • Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
  • Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
  • Alphabet and Visa will report results after the market closes.

Wednesday

  • AT&T will release its report before the market opens.
  • Ford and Chipotle will report earnings after the market closes.

Thursday

  • Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

SatoshiTimes Staff

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Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

SatoshiTimes Staff

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Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here’s the next target for BTC before bulls can hold out for $70K

SatoshiTimes Staff

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Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Disclaimer: The information found on CryptoPotato is that of the writers quoted. It does not represent the opinions of CryptoPotato about buying, selling, or holding any investments. It is advised that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency Charts by TradingView.

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