{"id":29372,"date":"2026-05-21T21:42:23","date_gmt":"2026-05-21T21:42:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/mark-cuban-rejects-bitcoin-as-hedge-after-selling-80\/"},"modified":"2026-05-21T21:42:35","modified_gmt":"2026-05-21T21:42:35","slug":"mark-cuban-rejects-bitcoin-as-hedge-after-selling-80","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/mark-cuban-rejects-bitcoin-as-hedge-after-selling-80\/","title":{"rendered":"Mark Cuban rejects Bitcoin as hedge after selling 80%"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Mark Cuban says he has sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative.<\/p>\n<div id=\"cn-block-summary-block_b75c7e0f75e6406cf91c500613c74b23\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Mark Cuban told Front Office Sports he sold most of his Bitcoin after gold surged to $5,000 during the US-Iran conflict while Bitcoin fell.<\/li>\n<li>Cuban called Bitcoin \u201cnot the hedge I expected\u201d and said it \u201chas lost the plot,\u201d while maintaining he still holds Ethereum for its utility.<\/li>\n<li>Bitcoin defenders note the asset has risen more than 16% since the first signs of the US-Iran conflict, countering Cuban\u2019s narrative on the timeframe.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Billionaire Mark Cuban <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.thestreet.com\/crypto\/markets\/mark-cuban-backs-a-crypto-idea-many-once-hated\" target=\"_blank\" rel=\"nofollow\">told<\/a> Front Office Sports he sold roughly 80% of his Bitcoin after concluding it failed as a hedge against dollar weakness and geopolitical instability.<\/p>\n<p>\u201cI always thought it was a better version of gold than gold. But gold just blew up and went to $5,000. Bitcoin dropped,\u201d he said.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LATEST: Mark Cuban reveals he sold &#8220;most&#8221; of his <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a><\/p>\n<p>&#8220;Bitcoin has lost the plot&#8221;<\/p>\n<p>h\/t Portfolio Players <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/VJIxin08vX\">pic.twitter.com\/VJIxin08vX<\/a><\/p>\n<p>\u2014 CoinDesk (@CoinDesk) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinDesk\/status\/2057511600894951616?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 21, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Why Cuban says Bitcoin failed the geopolitical hedge test<\/h2>\n<p>Cuban\u2019s portfolio heading into 2026 was roughly 60% Bitcoin, 30% Ethereum and 10% other assets. He once said he had \u201cnever sold\u201d his Bitcoin and described scarcity as making it superior to gold. That conviction has now reversed.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>\u201cEvery time the dollar dropped, Bitcoin should\u2019ve gone up. It\u2019s not the hedge I expected it to be,\u201d Cuban said in the interview. He still holds Ethereum, citing smart contracts and DeFi applications as having clearer utility, and dismissed most other crypto as \u201cgarbage.\u201d<\/p>\n<p>Crypto.news has tracked Cuban\u2019s January 2025 statement that he would \u201crather own Bitcoin than gold if something bad happens to the economy,\u201d a position he has now abandoned.<\/p>\n<h3 class=\"wp-block-heading\">What Cuban\u2019s Bitcoin exit means for the digital gold narrative<\/h3>\n<p>Bitcoin defenders have pushed back on Cuban\u2019s framing. Since the first signs of the US-Iran conflict emerged in late February, Bitcoin has risen more than 16% while gold has fallen over 15%. The hedge performance depends heavily on which timeframe is selected.<\/p>\n<p>Gold currently trades at approximately $4,500 per ounce, having pulled back from its $5,000 peak, while Bitcoin trades near $77,500, down roughly 38% from its October 2025 all-time high of $126,080.<\/p>\n<p>Crypto.news has reported the full arc of Cuban\u2019s crypto journey, from dismissing the asset entirely to building a portfolio heavily weighted toward digital assets. Cuban\u2019s exit does not reflect broad institutional behaviour, with spot Bitcoin ETFs collectively holding more than $100 billion in assets. The Bitcoin (BTC)price page tracks how markets are absorbing both Cuban\u2019s comments and the macro backdrop in real time.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Cuban says he has sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative. Summary Mark Cuban told Front Office Sports he sold most of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=29372"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29372\/revisions"}],"predecessor-version":[{"id":29373,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29372\/revisions\/29373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10892"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=29372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=29372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=29372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}