Billionaire Mark Cuban says bye-bye Bitcoin: Why he is ‘disappointed’ by crypto
Mark Cuban, once a strong supporter of cryptocurrency, has expressed disappointment in Bitcoin, stating it has 'lost the plot.' He sold most of his Bitcoin after observing that gold has significantly outperformed it. While he remains somewhat optimistic about Ethereum, he criticized smaller cryptocurrencies as 'garbage.'
- ▪Mark Cuban was previously a crypto enthusiast, spending hours daily on the subject.
- ▪He has sold most of his Bitcoin due to its underperformance compared to gold.
- ▪Cuban described smaller cryptocurrencies as 'garbage.'
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For years, Mark Cuban was one of crypto’s most high profile evangelists. After overcoming his initial skepticism, the billionaire entrepreneur and Shark Tank shark became something of a crypto fanatic, saying in 2021 that he spent 3-4 hours per day reading about the industry and brokering partnerships between crypto ventures and his Dallas Mavericks. Now, though, Cuban has become disillusioned. In a recent interview, he called crypto “disappointing” and complained that Bitcoin had “lost the plot.”Recommended Video In a clip posted by Front Office Sports editor-in-chief Daniel Roberts, Cuban—who once said his portfolio included 60% Bitcoin, 30% Ethereum, and 10% of a smattering of smaller tokens—said he sold “most of” his Bitcoin.
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