Billionaire entrepreneur and investor Mark Cuban says he has sold most of his Bitcoin (CRYPTO: $BTC) holdings after losing confidence in the cryptocurrency’s narrative. 

Specifically, Cuban said that the narrative that Bitcoin is a hedge against weakening fiat currencies and geopolitical instability has failed and left him “disappointed.”

Speaking during a podcast, Cuban, who’s net worth is estimated at $10 billion U.S., said Bitcoin’s price during the Iran war challenged one of the reasons he owned the digital asset.

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Cuban, who previously owned the Dallas Mavericks NBA basketball team, said: “I always thought (BTC) was a better version of gold than gold. Well, gold just blew up……