Mark Cuban, responding to a tweet from billionaire Chamath Palihapitiya, said he would run in a particular set of circumstances as a U.S. presidential candidate.
“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 tweeted on Tuesday.
The response of Cuban came after Palihapitiya said that the existing political system needs to be fixed, predicting “a viable third political party in the US by 2030.” Cuban subsequently challenged the whole idea of political parties. In contrast, if Cuban run for office, Palihapitiya said the U.S. would definitely not need those parties.
Over the past two years, Cuban have spoken about Bitcoin many times. Some of his most recent comments include a viewpoint on the asset as “a store of value like gold that is more religion than solution to any problem” and that “No matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not.”
At the core, the ultimate perception of Bitcoin by Cubans is not that far from the outlook of the coin industry. The digital currency is used as a store of value close to gold by both Cuban and crypto industry gurus. However, Cuban has previously called for greater user simplicity for the asset, as well as touching through the years on many other points. Crypto pundits, on the other hand, see Bitcoin as solving a multitude of problems, rather than just acting as another store of value.