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

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 idea of what he will do when the price of bitcoin hits $1
million. Cuban says he will run for president but only if some
bitcoins are donated to the Treasury so that every citizen receives
some satoshis each year he is in office. He will require them to
hold onto the coins for 10 years.

Mark Cuban Envisions Running 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 started by the
Virgin Galactic chairman Chamath Palihapitiya. The owner of the
National Basketball Association’s (NBA) Dallas Mavericks
wrote:

I’ll run if BTC gets to $1m and we
can get commitments to donate 350 BTC to the Treasury
each of the 4 yrs so that we can give 1 satoshi to every citizen
each yr, that they must hold for 10 years.

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

Palihapitiya started the thread on Twitter, stating: “There
will be a viable third political party in the US by 2030. Centrist,
pragmatic and cuts through the bullshit. The current system is so
broken, you can only support it through a combination of willful
blindness and stupidity.” Cuban replied: “Why do we need
political parties at all?” Palihapitiya responded with
“probably wouldn’t if you would run…”

Comments flooded the thread with many people cheering for Cuban
to really run for U.S. president in 2024. Some commenters suggested
that either Palihapitiya or the pro-UBI Andrew Yang could be the
vice president.

The Virgin Galactic chairman has long been pro bitcoin. He
repeatedly said
that the price of bitcoin could go to a million dollars and
everyone should own some BTC, advocating having
at least 1% of portfolios in the cryptocurrency. Palihapitiya
himself has a plan when the price of bitcoin reaches $150,000. He
tweeted on Dec. 30:

When BTC
gets to $150k, I will buy The Hamptons and convert it to sleepaway
camps for kids, working farms and low-cost housing.

Cuban’s opinion of bitcoin was not always positive. He
previously stated that he would “rather have bananas than
bitcoin,” emphasizing that he could at least eat a banana. In
December, Cuban started showing an incremental growth of
appreciation for the cryptocurrency, arguing that bitcoin was “a
store of value like gold” but added that it “is
more religion
than solution to any problem.” Then his Dallas
Mavericks started offering merchandise discounts for customers
paying with bitcoin.

What do you think about Mark Cuban’s bitcoin plans?
Let us know in the comments section below.

The post
Mark Cuban’s Bitcoin Plan: Run for President if BTC Hits $1
Million, Free Satoshis for Every Citizen
appeared first on
Bitcoin News.

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Translator / 翻译者 / Traductor