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via Bitcoin Magazine · By Bitcoin Magazine Editorial
Mark Cuban Sells Most Of His Bitcoin, Calls It Failed Hedge
BTC
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$63,061.02
-0.02%
$63,061.02
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(24s)24h Volume
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24h H/L
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Change: $255.00 (0.41%)
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Long: 68.0%Short: 32.0%
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Longs pay
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Bitcoin Magazine Editorial(08:49 PM UTC)
1 min read
Billionaire investor Mark Cuban has parted with most of his Bitcoin holdings, saying the asset failed to deliver on its core promise as a hedge against fiat currency weakness and geopolitical turmoil.
Cuban made the remarks during an interview with Front Office Sports, where he said Bitcoin “has lost the plot.” The Shark Tank personality and former Dallas Mavericks owner had long positioned…
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