SvmuuNews: Billionaire investor Mark Cuban said he has sold most of his Bitcoin holdings, citing weakening confidence in Bitcoin as a hedge against fiat currency devaluation and geopolitical risks.
On a podcast, Cuban expressed disappointment that gold prices rose while Bitcoin fell after the outbreak of the Iran war, and that Bitcoin did not appreciate as expected when the U.S. dollar weakened.
Previously, Mark Cuban had called Bitcoin a "better version of gold," with about 60% of his crypto portfolio allocated to Bitcoin. He now says his disappointment with Bitcoin has surpassed that with Ethereum, and has referred to most other cryptocurrencies as "junk." (CoinDesk)
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Billionaire Mark Cuban says he has sold most of his Bitcoin, disappointed by the "digital gold" narrative
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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