Billionaire investor Mark Cuban isn’t mincing phrases in terms of President Donald Trump’s new commerce insurance policies.
In a quick however highly effective response to TheStreet Roundtable, Cuban summed up his view of Trump’s sweeping tariffs in a single phrase: “Bullish.”
The Shark Tank star and longtime crypto supporter was responding to a query about whether or not Trump’s aggressive tariff plan—introduced throughout his “Liberation Day” speech — might spark renewed curiosity in Bitcoin and stablecoins.
“I feel it is bullish for crypto,” Cuban said. “When there may be uncertainty about fiat globally, that is bullish for BTC and USDC.”
On April 2, President Trump declared a universal 10% “reciprocal” tariff on all imports to the USA, citing years of unfair commerce practices from different nations.
The White Home later clarified that this 10% base fee can be layered with country-specific tariffs, similar to 26% on India and 34% on China. Even key allies just like the EU, UK, and Japan have been hit with double-digit charges.
Trump framed the transfer as a reclaiming of American trade, saying, “April 2, 2025, will perpetually be remembered because the day American trade was reborn.”
The market response was instant. U.S. equities fell sharply, with the S&P 500 dropping 4.5% and the NASDAQ falling 5.5%. In the meantime, Bitcoin slid to $82,112.39, down about 3.5% on the day, per Kraken.
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