| Mobile Web

Billionaire Mark Cuban says he sold most of his bitcoin, disappointed in inflation hedge role

U.S. billionaire investor Mark Cuban (마크 큐반) said he sold most of his bitcoin holdings after concluding it did not play the role he expected in recent market conditions. He said bitcoin failed to move as an inflation hedge despite a weaker U.S. dollar and heightened Middle East tensions, and he pointed to gold rising to $5,000 an ounce while bitcoin fell. Cuban said he was less disappointed with Ethereum and other crypto projects.