Billionaire investor and Shark Tank star Mark Cuban has weighed in on President Donald Trump’s sweeping new trade tariffs—and he’s not holding back. When asked for his thoughts during a segment on TheStreet Roundtable, Cuban offered a one-word response: “Bullish.”

The comment came after Trump announced a bold new economic policy on April 2, declaring a universal 10% “reciprocal” tariff on all imports to the United States. The White House later confirmed additional country-specific tariffs, including 26% on India and 34% on China. Even long-time allies such as the EU, UK, and Japan faced double-digit rates.

Cuban: Tariffs Create Uncertainty—And Opportunity for Crypto

Mark Cuban, a known advocate of cryptocurrencies like Bitcoin (BTC) and USD Coin (USDC), believes the tariffs could spark renewed interest in digital assets.

“I think it’s bullish for crypto,” Cuban said. “When there is uncertainty about fiat globally, that’s bullish for BTC and USDC.”

Cuban’s stance highlights a growing sentiment among crypto supporters who view geopolitical instability and inflation fears as catalysts for decentralized financial systems.

Market Reaction: Stocks Drop, Crypto Slips

The financial markets responded swiftly to the announcement. U.S. stocks tumbled, with the S&P 500 falling 4.5% and the NASDAQ dropping 5.5%. Bitcoin also dipped 3.5% to $82,112.39, according to Kraken—though Cuban sees long-term upside.

Trump’s policy was delivered during his fiery “Liberation Day” speech, where he declared:

“April 2, 2025, will forever be remembered as the day American industry was reborn.”

What Trump’s Tariffs Mean for the Global Economy

The new tariff strategy marks a sharp shift in U.S. trade policy, increasing tensions with key partners and potentially reshaping global supply chains. Experts warn that the broad application of tariffs may lead to higher consumer prices, retaliatory measures, and currency volatility—factors that could benefit cryptocurrencies.

Final Thoughts

While the immediate market reaction was negative, Cuban’s bullish outlook suggests that cryptocurrencies may become a safe haven as economic and trade uncertainty grows. As governments tighten trade rules and fiat currencies face increasing pressure, Bitcoin and stablecoins could gain broader adoption.