‘Lost the Plot’: Mark Cuban Reveals Why He Sold Most of His Bitcoin
Mark Cuban has sold most of his bitcoin, expressing disappointment in its performance as a hedge against economic turmoil. He believes bitcoin has 'lost the plot' and has not lived up to its promise compared to gold. Cuban also criticized the broader crypto market, calling memecoins 'garbage.'
- ▪Mark Cuban sold most of his bitcoin due to its failure to perform as a reliable hedge during geopolitical stress.
- ▪He expressed frustration that bitcoin has not kept pace with gold, which has surged in value.
- ▪Cuban has a history of skepticism towards bitcoin, previously stating he would prefer bananas over it.
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Billionaire Mark Cuban says that he has sold most of his bitcoin, and he doesn’t mince words as to why. In a recent interview with Front Office Sports, the billionaire investor and partial owner of the Dallas Mavericks said the crypto asset has “lost the plot” and singled out bitcoin’s failure to keep pace with gold during bouts of geopolitical stress over the past year, periods when many investors expected the asset to prove its worth as a reliable hedge against economic…
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