Billionaire Mark Cuban says bye-bye Bitcoin: Why he is 'disappointed' by crypto

8 hours ago

Mark Cuban, previously a crypto evangelist, has become disillusioned, calling crypto 'disappointing' and saying Bitcoin has 'lost the plot.'
Cuban sold most of his Bitcoin, criticizing it as an ineffective hedge, especially compared to gold's recent performance.
He expressed less disappointment in Ethereum, the second-largest crypto, but dismissed smaller tokens and memecoins as 'garbage.'
Cuban's shift follows similar sentiment from Elon Musk, who noted that many cryptocurrencies are scams despite some having merit.
Bitcoin, often touted as digital gold, has underperformed gold over the past year, though it recently rallied after progress on the Clarity Act.

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