Mark Cuban mentioned 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 point. Talking on Portfolio Gamers by Entrance Workplace Sports activities, launched on Could 21, 2026, the billionaire investor mentioned it had “misplaced the plot” after underperforming gold within the situations he believed ought to have favored it.
Why Mark Cuban Bought Most Of His Bitcoin
“This would possibly get some folks upset,” Cuban mentioned. “I believe Bitcoin has misplaced the plot.”
Cuban mentioned his unique thesis for getting BTC was tied to its function as an alternative choice to fiat forex debasement. He mentioned he noticed BTC as “a greater model of gold than gold,” notably in moments when confidence in conventional currencies got here below strain. However he mentioned that view modified after it didn’t rally throughout a interval he described as marked by the “Iran struggle” and broader stress in fiat markets.
“When all of the shit hit the fan with the Iran struggle,” Cuban mentioned, “Bitcoin was at all times the very best different to fiat forex dropping its worth.”
In response to Cuban, that expectation was not met. He contrasted BTCs efficiency with gold, which he mentioned “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 setting during which he believed it ought to have proven energy.
“Each time the greenback dropped, Bitcoin ought to have gone up,” Cuban mentioned, 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 simply didn’t do this.”
NEW ‼️ – BILLIONAIRE MARK CUBAN:
I SOLD MOST OF MY BITCOIN. IT’S LOST THE PLOT. pic.twitter.com/9NlILDsKwu
— Neil Jacobs (@NeilJacobs) Could 21, 2026
The feedback minimize straight into one in every of BTC’s most persistent funding narratives: its function as a hedge towards fiat weak point and financial instability. Cuban’s criticism isn’t framed round community safety, adoption, or long-term shortage. It’s centered on market habits. 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 anticipated it to be,” he mentioned. “And that was actually disappointing.”
Cuban’s remarks additionally draw a distinction between BTC and ETH. Whereas he mentioned he was “extra disillusioned in Bitcoin,” he added that he was “not as disillusioned in Ethereum.” He didn’t develop on the Ethereum comparability within the excerpt, however the distinction suggests his disappointment is focused on BTC’s failure to ship towards its hedge narrative fairly than a blanket rejection of the complete 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 “rubbish,” putting 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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