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Fortune
Fortune
Business
Jack Kubinec

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

Mark Cuban speaks onstage during a conference in Austin (Credit: Nicola Gell—Getty Images)

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.”

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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