Billionaire investor Mark Cuban isn’t mincing phrases with regards to 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 — may spark renewed curiosity in Bitcoin and stablecoins.
“I feel it is bullish for crypto,” Cuban mentioned. “When there may be uncertainty about fiat globally, that is bullish for BTC and USDC.”
On April 2, President Trump declared a common 10% “reciprocal” tariff on all imports to america, citing years of unfair commerce practices from different nations.
The White Home later clarified that this 10% base price could 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 ceaselessly be remembered because the day American trade was reborn.”
The market response was fast. 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.
