Mark Cuban, the billionaire investor and owner of the Dallas Mavericks, has sold most of his Bitcoin holdings, citing disappointment in its performance as a hedge against geopolitical instability and dollar weakness. During a recent episode of the sports podcast "Portfolio Players," Cuban expressed frustration that Bitcoin did not behave as expected during the Iran conflict, a time when he believed it would serve as a refuge against fiat currency depreciation. He noted that while gold prices surged, Bitcoin's value declined, undermining his previous belief that Bitcoin was a superior store of value compared to gold. Cuban's crypto portfolio previously comprised approximately 60% Bitcoin, 30% Ethereum, and 10% other cryptocurrencies. He now views Ethereum more favorably, highlighting its potential for decentralized finance applications, while labeling most other cryptocurrencies as “garbage.” His remarks underscore a growing divide in the crypto market regarding Bitcoin's effectiveness as a hedge, as it has often traded more like a high-risk technology asset rather than a stable store of value.