"Wow, does that mean this might be a positive sign for the bullish crypto market?"
Mark Cuban, the billionaire of the United States (US) revealed that there is an increase in the support of technology giants from Silicon Valley to Donald Trump who managed to have a big impact on the cryptocurrency market, especially Bitcoin (BTC).
This is because Trump's actions have made it easier for many parties to operate their crypto businesses despite inevitable or necessary changes at the Securities and Exchange Commission (SEC).
Crypto markets have come under heavy criticism from the SEC after making it difficult to do business in digital assets in the US, Cuban commented, adding that he has struggled with insider trading allegations.
Cuban also said that BTC has a finite supply of 21 million with unlimited fractions, so here it can be seen that the price can go much higher than you would expect since the market for the digital asset is global.
Reportedly, major VCs Marc Andreessen and Ben Horowitz this week intend to donate money to support the Trump campaign, where his firm Andreessen Horowitz has an arm in crypto.
Coinbase, a crypto exchange based in the Silicon Valley city of San Francisco, also formed the Fairshake political action committee that will try to support pro-crypto candidates and even defeat anti-crypto ones by becoming one of the largest PACs in this election cycle.
It is well known that US Senator Cynthia Lummis truly believes that BTC can help support the US dollar given the increased sanctions and current changes in the financial landscape.