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International Business Times UK
International Business Times UK
Niloy Chakrabarti

'Bitcoin Should Have Gone Up Every Time the Dollar Fell': Mark Cuban Sells 80% of BTC, Regrets Choosing Over Gold

Mark Cuban Bitcoin Gold Kevin OLeary Crypto
Mark Cuban believed bitcoin was better than gold because of the digital asset's portability and security features. (Credit: YouTube)

Billionaire investor Mark Cuban had once described Bitcoin as a superior version of gold. However, he recently disclosed selling about 80% of his BTC holdings after the token failed to perform amid ongoing geopolitical tensions, dollar weakness, and overall economic volatility.

He said in an episode of the 'Portfolio Players' podcast that Bitcoin has not been behaving like a safe-haven asset since the onset of the Middle East conflict, which is the core reason for him selling the cryptocurrency.

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