Mark Cuban said he sold all of his personal Bitcoin holdings after the price dropped 10% in the past two weeks. The investor said Bitcoin has not met expectations and has not acted as an inflation hedge as he had thought.
Cuban's statement marks a clear shift in his stance on crypto . He simultaneously downplayed most niche cryptocurrencies, while expressing greater support for Ethereum .
Bitcoin has recently experienced significant volatility and weakness, according to the cited source. However, the available information does not specify the timing of the sell-off, the size of the previous position, or the exact price.
No further details have been released regarding any other crypto assets Cuban holds besides Bitcoin, nor has there been any new comment on the market outlook following this move.
