Silicon Valley venture capitalists and other prominent figures have rallied behind Donald Trump’s bid for a second term as U.S. president, driven, according to billionaire Mark Cuban, by the prospects of cryptocurrency.

“It’s a Bitcoin maneuver,” Cuban declared on X (formerly Twitter) on Wednesday. He elaborated that Trump’s potential presidency would simplify the operations of crypto businesses due to the anticipated and necessary reforms at the U.S. Securities and Exchange Commission (SEC).

The crypto sector has consistently lambasted the SEC for its stringent regulations, which complicate the management of digital asset enterprises within the U.S. (Cuban, no stranger to SEC disputes, previously prevailed in a high-profile insider trading case.)

Under Trump, who is reportedly leading over President Joe Biden, Cuban anticipates a scenario marked by inflation and geopolitical unpredictability. “The conditions are primed for a significant surge in BTC prices,” he noted. “The global market for BTC is extensive, and with a fixed supply of 21 million BTC, fractionalization possibilities are boundless,” Cuban added.

Recent reports indicate that major venture capitalists Marc Andreessen and Ben Horowitz intend to financially support Trump’s campaign. Their firm, Andreessen Horowitz, has a dedicated crypto division.

Coinbase, the San Francisco-based crypto exchange, has established the Fairshake political action committee, advocating for pro-crypto candidates and opposing those against it. This committee ranks among the largest PACs in the current election cycle.

Trump’s vice-presidential pick, Senator J.D. Vance, also has connections to Silicon Valley.

“If circumstances escalate beyond our current expectations (which is not guaranteed but remains a non-zero probability), BTC could evolve into the global currency envisioned by its staunchest supporters,” Cuban speculated on Wednesday.