Billionaire entrepreneur Mark Cuban has disclosed that he has sold off the majority of his Bitcoin holdings, attributing this decision to the cryptocurrency's inability to fulfill its potential as a safeguard against the weaknesses of fiat currencies and geopolitical uncertainties. During a recent podcast appearance, Cuban expressed his view that Bitcoin has "lost the plot," indicating a shift in his perspective on the digital asset. He elaborated on his previous belief that Bitcoin would surpass gold in value and utility, highlighting his disappointment with its current trajectory.
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