PANews reported on May 22nd, citing CoinDesk, that billionaire investor Mark Cuban has sold off most of his Bitcoin holdings due to waning confidence in Bitcoin as a hedge against fiat currency devaluation and geopolitical instability. In a podcast, Cuban stated his disappointment stemmed from the sharp rise in gold prices following the outbreak of the Iran-Iraq War, while Bitcoin fell, and the failure of Bitcoin to rise when the dollar weakened. Cuban, who previously described Bitcoin as a better version of gold and whose crypto portfolio comprises approximately 60% Bitcoin, now expresses greater disappointment with Bitcoin than with Ethereum, referring to most other cryptocurrencies as "garbage." Cuban's comments highlight the broader debate in the market regarding Bitcoin's role as "digital gold."