Mark Cuban stated he has offered most of his Bitcoin, arguing that the asset didn’t behave because the hedge he anticipated throughout a interval of geopolitical stress and greenback weak spot. Talking on Portfolio Gamers by Entrance Office Sports activities, launched on Might 21, 2026, the billionaire investor stated it had “lost the plot” after underperforming gold within the circumstances he believed ought to have favored it.
Why Mark Cuban Sold Most Of His Bitcoin
“This might get some people upset,” Cuban stated. “I think Bitcoin has lost the plot.”
Cuban stated his authentic thesis for purchasing BTC was tied to its function as an alternative choice to fiat forex debasement. He stated he noticed BTC as “a better version of gold than gold,” notably in moments when confidence in conventional currencies got here underneath strain. However he stated that view modified after it didn’t rally throughout a interval he described as marked by the “Iran war” and broader stress in fiat markets.
“When all the shit hit the fan with the Iran war,” Cuban stated, “Bitcoin was always the best alternative to fiat currency losing its value.”
In keeping with Cuban, that expectation was not met. He contrasted BTCs efficiency with gold, which he stated “blew up” and moved to $5,000, whereas Bitcoin fell. For Cuban, the difficulty was not merely that BTC traded decrease, however that it failed within the particular macro surroundings wherein he believed it ought to have proven energy.
“Every time the dollar dropped, Bitcoin should have gone up,” Cuban stated, arguing {that a} weaker greenback ought to have made the asset extra engaging globally as a result of Bitcoin is priced in {dollars}. “And it just didn’t do that.”
NEW ‼️ – BILLIONAIRE MARK CUBAN:
I SOLD MOST OF MY BITCOIN. IT’S LOST THE PLOT. pic.twitter.com/9NlILDsKwu
— Neil Jacobs (@NeilJacobs) Might 21, 2026
The feedback lower straight into one among BTC’s most persistent funding narratives: its function as a hedge in opposition to fiat weak spot and financial instability. Cuban’s criticism shouldn’t be framed round community safety, adoption, or long-term shortage. It’s targeted on market conduct. In his view, Bitcoin failed to reply like a macro hedge when the setup appeared to demand it.
Requested whether or not Bitcoin was “not such a hedge,” Cuban agreed. “No, it’s not the hedge that I expected it to be,” he stated. “And that was really disappointing.”
Cuban’s remarks additionally draw a distinction between BTC and ETH. Whereas he stated he was “more disappointed in Bitcoin,” he added that he was “not as disappointed in Ethereum.” He didn’t increase on the Ethereum comparability within the excerpt, however the distinction suggests his disappointment is targeting BTC’s failure to ship in opposition to its hedge narrative quite than a blanket rejection of your entire crypto sector.
His feedback have been harsher towards different elements of the market. Referring to “the token stuff” and meme cash, Cuban dismissed them as “garbage,” inserting speculative tokens exterior the a part of the market he nonetheless seems keen to deal with critically.
At press time, BTC traded at $77,257.
Featured picture created with DALL.E, chart from TradingView.com
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