{"id":424303,"date":"2020-05-18T17:30:16","date_gmt":"2020-05-18T17:30:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=424303"},"modified":"2020-05-18T16:34:50","modified_gmt":"2020-05-18T16:34:50","slug":"marc-cubans-trickle-up-crypto","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/marc-cubans-trickle-up-crypto\/","title":{"rendered":"Mark Cuban\u2019s $4,000 Trickle Up Stimulus Could Provide Boost For Crypto"},"content":{"rendered":"

Mark Cuban<\/a> 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<\/a>, the man definitely knows money and investments.<\/p>\n

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.<\/p>\n

Mark Cuban Proposes Trickle Up Stimulus With Set Expiration Date<\/h2>\n
Back in April, the US government issued stimulus checks<\/a> 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.<\/p>\n
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.<\/p>\n
Related Reading | Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets<\/a><\/strong><\/em><\/p>\n
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.<\/p>\n
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<\/a> for stimulus checks, focusing on “trickle up economics.”<\/p>\n
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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<\/p>\n
— Mark Cuban (@mcuban) May 17, 2020<\/a><\/p><\/blockquote>\n