Billionaire Mark Cuban says he has sold most of his Bitcoin holdings, expressing disappointment 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 said on a podcast that he was disappointed that gold prices rose while Bitcoin fell after the outbreak of war in Iran, and that Bitcoin did not rise as expected when the U.S. dollar weakened.

Previously, Mark Cuban had described Bitcoin as "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)