Mark Cuban Offloads Most Bitcoin, Says It Failed as a Safe-Haven Asset

Billionaire investor Mark Cuban has significantly cut his Bitcoin holdings, saying the cryptocurrency failed to function as the stable hedge he had expected during periods of global uncertainty linked to tensions involving Iran and pressure on the U.S. dollar.

Meanwhile, he said his outlook on Ethereum remains more positive. He also reiterated his criticism of most other cryptocurrencies, calling them “garbage,” and noted that his portfolio had previously been primarily concentrated in Bitcoin and Ethereum.

Source: Front Office Sports Podcast