Mark Cuban made the admission in a Twitter conversation with Chamath Palihapitiya, a fellow billionaire, and the chief executive at venture capital firm Social Capital. Palihapitiya had tweeted about the fault in the American political system, which is primarily split between two large political parties. Replying to his call for a viable third party in 2030, Cuban asked why political parties are even needed to take the White House in the first place.
Palihapitiya followed up with a tweet asking if Cuban would run, and the Dallas Mavericks owner laid out his requirements. Cuban replied:
“I’ll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to the Treasury each of the 4 yrs so that we can give 1 satoshi to every citizen each yr, that they must hold for 10 years. How’s that sound”
The proposition seemed both plausible and acceptable to Palihapitiya, who hinted that Cuban should be gearing up for his presidential run by 2024.