Mark Cuban says he sold most of his Bitcoin after failed hedge narrative 'disappointed' the billionaire
Mark Cuban has sold most of his Bitcoin holdings, expressing disappointment in its performance as a hedge against geopolitical turmoil and dollar weakness. He noted that while gold prices surged, Bitcoin's value declined during recent conflicts, undermining his previous belief in Bitcoin as a superior asset. Cuban now favors Ethereum over Bitcoin, labeling most other cryptocurrencies as 'garbage.'
- ▪Mark Cuban sold most of his Bitcoin after it failed to act as a hedge during geopolitical turmoil.
- ▪He noted that gold prices surged while Bitcoin's value dropped during the recent Iran conflict.
- ▪Cuban now views Ethereum more favorably compared to Bitcoin, which he describes as a disappointment.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMark Cuban says he sold most of his Bitcoin after failed hedge narrative 'disappointed' the billionaireThe billionaire investor said he sold most of his bitcoin after concluding the cryptocurrency failed to act as a hedge during recent geopolitical turmoil and dollar weakness.By Helene Braun|Edited by Aoyon Ashraf May 21, 2026, 5:30 p.m. 2 min readMake preferred on (Anna Webber/Getty Images for Inc. at Inc.
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