Yonhap Infomax NewsBillionaire investor Mark Cuban has sold all his Bitcoin holdings, stating the cryptocurrency has failed to serve as a hedge against macroeconomic uncertainty as gold surged 37% while Bitcoin fell 29% over the past year, trading at $77,000 compared to gold's $4,541 per ounce.
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Mark Cuban Says Bitcoin 'Lost Its Essence' - Sells Entire Holdings
Billionaire investor Mark Cuban has sold all his Bitcoin holdings, stating the cryptocurrency has failed to serve as a hedge against macroeconomic uncertainty as gold surged 37% while Bitcoin fell 29% over the past year, trading at $77,000 compared to gold's $4,541 per ounce.