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Mark Cuban remains bullish on Ethereum

Billionaire investor Mark Cuban said he has sold most of his Bitcoin because it failed to act as an inflation hedge, while remaining bullish on Ethereum. Speaking on Front Office Sports, Cuban argued Bitcoin did not rally alongside a weakening dollar or during geopolitical shocks (citing the Iran conflict), whereas gold rose sharply. He described Bitcoin as “lost the plot” and called other cryptocurrencies “garbage,” but said Ethereum is “less disappointing.” The comments signal a notable high-profile shift in sentiment that could reinforce flows toward Ethereum and reduce Bitcoin demand among some investors, potentially affecting short-term positioning and narrative-driven price moves in crypto markets.

Category

Ethereum

Sentiment

Bullish

Event

Market commentary

Reading time

1 min