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Billionaire Mark Cuban says he has sold most of his Bitcoin and is disappointed with the "digital gold" narrative
Odaily Planet Daily News: Billionaire investor Mark Cuban said he has sold most of his Bitcoin holdings due to waning confidence in Bitcoin as a hedge against fiat currency devaluation and geopolitical risks.
Cuban stated on a podcast that after the outbreak of the Iran war, gold prices rose while Bitcoin fell, and Bitcoin also did not rise as expected when the dollar weakened, which disappointed him.
Previously, Mark Cuban had said that Bitcoin is a "better version than gold," with about 60% of his crypto portfolio allocated to Bitcoin. He now states that his disappointment with Bitcoin has surpassed that with Ethereum, and he considers most other cryptocurrencies to be "garbage." (CoinDesk)