Mark Cuban dumped most of his Bitcoin, saying it 'lost the plot.' Experts say he panic-sold at the worst possible time

Kit Pulliam

Thu, May 28, 2026 astatine 8:05 AM CDT 5 min read

“I don’t cognize if it’s dead, but I’d accidental it’s disappointing.” That’s what Mark Cuban had to accidental astir crypto successful a caller interrogation with Front Office Sports (1).

Bitcoin is simply a large root of Cuban’s disappointment. “This mightiness get immoderate radical upset: I deliberation Bitcoin has mislaid the plot,” helium said. The erstwhile “Shark Tank” big says helium precocious sold astir of his Bitcoin due to the fact that it isn’t performing good arsenic an ostentation hedge, particularly present that the Iran War is causing ostentation hikes.

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“I ever thought it was a amended mentation of golden than gold. Well, golden conscionable blew up and went to $5,000; Bitcoin dropped,” Cuban said. “Every clip the dollar dropped, Bitcoin should person gone up.”

Some Bitcoin aficionados, specified arsenic Blockstream CEO Adam Back, accidental Cuban hasn’t fixed Bitcoin a just shingle (2). “I don’t cognize what @mcuban is trying to accidental .. doesn’t enactment up with information unless helium sold the bottom,” Back said connected X (3) past week.

Does Bitcoin marque a bully ostentation hedge? Was Cuban close to sell? Here’s however the mathematics breaks down.

Does bitcoin enactment arsenic an ostentation hedge?

An concern counts arsenic an ostentation hedge if it helps support its capitalist against the ever-decreasing purchasing powerfulness of money. If it holds worth portion wealth loses its value, past it astir apt makes a bully ostentation hedge. Fiat currency similar the US dollar loses immoderate magnitude of worth each twelvemonth due to the fact that the authorities tin (and will) people much of it arsenic needed (4). The much dollars are printed, the little each idiosyncratic dollar is worth.

Tangible goods with constricted reproducibility marque bully ostentation hedges due to the fact that you can’t easy marque much of them arsenic needed. Gold is simply a classical ostentation hedge, but different tangible goods similar existent property besides marque bully ostentation hedges if you’re acrophobic of your wealth losing its value.

Bitcoin isn’t a tangible bully the aforesaid mode golden is; you can’t physically clasp it. But the fig of Bitcoins that tin beryllium is capped: There tin lone ever beryllium 21 cardinal coins (5). In theory, this makes Bitcoin a bully hedge against inflation. But however does it enactment successful practice?

That reply is simply a small little clear. One 2021 survey recovered Bitcoin was a bully hedge against inflation; however, they besides recovered it was not a harmless haven against fiscal uncertainty similar that caused by the Iran War (6).