Mark Cuban reversed his stance and became bearish on Bitcoin, believing it has failed to serve as a hedge against inflation.

CoinFeed reported on May 24th, citing Forbes, that Bitcoin prices have been fluctuating and weakening recently, falling by 10% in the past two weeks. Mark Cuban, a well-known investor who previously invested in crypto assets, has significantly changed his stance. He has sold off his personal Bitcoin holdings, stating that the cryptocurrency has underperformed expectations and failed to fulfill its inflation hedge value. He also downplayed most niche cryptocurrencies, showing relatively higher approval ratings for Ethereum.