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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Mark Cuban’s $4,000 Trickle Up Stimulus Could Provide Boost For Crypto

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
crypto trickle up mark cuban bitcoin stimulus

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Mark Cuban is a self-made billionaire, owner of the Dallas Mavericks, investor, and one of the mainstays on the popular TV show Shark Tank. Although Cuban hasn’t always been the biggest supporter of crypto, the man definitely knows money and investments.

Cuban has pitched an interesting “trickle up” take on stimulus spending in lieu of the current program that has the potential to be an enormous boost for crypto assets.

Mark Cuban Proposes Trickle Up Stimulus With Set Expiration Date

Back in April, the US government issued stimulus checks valued at as much as $1,200 per individual taxpayer. The money distributed was meant to help increase consumer spending and help individuals weather the lockdown caused by the pandemic.

The problem with this strategy, however, is that individuals fearing the worst has yet to come, may be socking the money away into their savings accounts for a rainy day, rather than turning to retail small businesses to spend.

Related Reading | Stimulus Checked: Here’s The ROI on a $1,200 Investment in Top Crypto Assets

The lack of spending is harming struggling small businesses and hard-hit retailers, but consumers aren’t just spending less out of fear and savings, they also can’t go anywhere.

Mark Cuban, billionaire investor and one of ABC’s “Sharks,” alongside the likes of Kevin O’Leary, Robert Herjavec, and Daymond John, has a better idea for stimulus checks, focusing on “trickle up economics.”

In addition, because this will take time, we need to consider an interim spending stimulus program. All 128m households could get a $1k check every 2 weeks for the next 2 months that MUST BE SPENT WITHIN 10 DAYS OF RECEIPT OR IT EXPIRES. This "use it or lose it" prog will

— Mark Cuban (@mcuban) May 17, 2020

Cuban proposes that all individuals get an additional $1,000 checks every two weeks, for the next two months. This money, however, comes with a stipulation: spend it, or lose it.

The expiration date tied to the funds would encourage consumers to spend to take advantage of what’s being offered. Few consumers would let the money simply go to waste, so they’d find something – anything – to spend it on. Possibly even crypto.

Money Made To Move Could Be Enormous Boost For Crypto

Forcing consumers to spend money, will absolutely work. Few taxpayers would be willing to let a free hand out from the government go to waste.

Money would flow into high price tag consumer goods such as TVs, computers, appliances, and even home improvements. The economy would find the needed stimulus.

But just as we saw with the initial $1,200 checks, some of this money would flow into Bitcoin and the rest of the crypto space.

Related Reading | Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be

Immediately following the first round of checks, Coinbase saw an uptick in buys of Bitcoin at $1,200 per purchase.

These hard-capped assets have been in a downtrend for two or more years. Sudden inflow of capital into the illiquid assets, could reignite another crypto bubble.

Crypto assets are a high-risk investment that often comes with the advice to never invest more than you can comfortably afford to lose. But if it was free money from the government that was going to be lost anyway if you don’t spend it, why wouldn’t some investors let it ride by buying Bitcoin and altcoins.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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