Mark Cuban Sells Most of His Bitcoin, Disappointed by Failed Hedging Narrative

Billionaire investor Mark Cuban has sold most of his Bitcoin holdings, citing diminished confidence in Bitcoin as a hedge against fiat currency devaluation and geopolitical instability. Cuban stated on a podcast that he was disappointed when gold surged and Bitcoin fell after the outbreak of war with Iran, and that Bitcoin failed to rise when the US dollar fell, as it should have. Cuban had previously called Bitcoin a better version of gold and that about 60% of his crypto portfolio was Bitcoin. He now says he is more disappointed with Bitcoin than Ethereum and calls most other cryptocurrencies "garbage." Cuban's comments highlight the broader market debate about Bitcoin's role as "digital gold."