“When all the shit hit the fan with the Iran war, Bitcoin was always the best alternative to fiat currency losing its value, and I always thought it was a better version of gold than gold,” Cuban said in the clip. “Gold just blew up and went to $5,000. Bitcoin dropped … It’s not the hedge that I expected it to be.”
While Cuban is “disappointed” in Bitcoin, he is “not as disappointed in Ethereum,” which is the second-largest crypto that can be used for hosting financial applications. Notably, Bitcoin has greatly outperformed Ethereum over the past five years.
Cuban saved his strongest criticism for smaller cryptocurrencies, however.
“The token stuff? The memecoins?” Cuban mused near the end of the clip. “Garbage.”
