Billionaire investor and entrepreneur Mark Cuban has expressed a bullish sentiment towards Bitcoin, stating that its price can soar much higher than many expect.
In a recent interview, Cuban highlighted the cryptocurrency’s finite supply as a key factor driving its potential growth.
The supply has a final limit of 21 million,” Cuban emphasized, referring to the maximum number of Bitcoins that can ever be mined.
This scarcity, combined with increasing demand, is what Cuban believes will propel Bitcoin’s price to new heights.
As more people invest in Bitcoin and fewer people sell, the limited supply will create an imbalance that drives the price up.
Cuban’s optimism stems from his view of Bitcoin as a superior store of value compared to traditional assets like gold. He has personally invested in Bitcoin and sees it as a wise investment choice.
The billionaire anticipates that the demand for Bitcoin will eventually surpass the number of sellers, further accelerating the cryptocurrency’s price appreciation.