We analyze the recent vortex core spectroscopy data on cuprate superconduct
ors and discuss what can be learned from them about the nature of the groun
d state in these compounds. We argue that the data are inconsistent with th
e assumption of a simple metallic ground state and exhibit characteristics
of a doped Mott insulator. A theory of the vortex core in such a doped Mott
insulator is developed based on the U(1) gauge-field slave boson model. In
the limit of vanishing gauge-field stiffness such a theory predicts two ty
pes of singly quantized vortices: an insulating "holon" vortex in the under
doped and a metallic "spinon" vortex in the overdoped region of the phase d
iagram. We argue that the holon vortex exhibits a pseudogap excitation spec
trum in its core qualitatively consistent with the existing experimental da
ta on Bi2Sr2CaCu2O8. As a rest of this theory we propose that the spinon vo
rtex with a metallic core might be observable in the heavily overdoped samp
les.