Mark Cuban Says He Sold Most of His Bitcoin

In brief

• Mark Cuban said he has sold most of his Bitcoin, and that it hasn't acted as the hedge against fiat inflation that he expected.
• The billionaire said he thought BTC was "a better gold than gold," but it hasn't acted like it in his view.
• Cuban previously mulled the launch of his own meme coin, but now believes they are "garbage." Billionaire investor, entrepreneur, and former Dallas Mavericks owner Mark Cuban believes that Bitcoin “has lost the plot”—and said he’s sold most of his holdings in the asset, during an interview with *Front Office Sports**.* Cuban previously said that Bitcoin could rival gold as a store of value in the right macroeconomic conditions, but said now that he’s disappointed in the recent performance of the top crypto asset by market cap amid macro volatility and the war in Iran. “I always thought it was a better version of gold than gold,” Cuban told *Front Office Sports* Editor-in-Chief Dan Roberts, formerly of *Decrypt*. “But gold just blew up and went to $5,000, and Bitcoin dropped.” “Every time the dollar dropped, Bitcoin should’ve gone up,” he added. “It’s not the hedge I expected it to be.”

Mark Cuban on crypto: "Bitcoin has lost the plot. I always thought it was a better version of gold than gold. Well, gold just blew up, Bitcoin dropped. Not the hedge I expected it to be."

says he sold most of his BTC. as for memecoins? "garbage." pic.twitter.com/oYRMye3DEg

— Daniel Roberts (@readDanwrite) May 21, 2026 Bitcoin, which is trading around $77,672 on Thursday, has fallen around 29% in the last year of trading and is now 38.4% off its October all-time high mark of $126,080. Meanwhile, gold is up more than 37% in the last year of trading, recently changing hands around $4,548.  While the precious metal maintains the largest market cap of any asset globally at more than $31 trillion, its price has also fallen more than 17% since making a new all-time high above $5,500 per ounce earlier this year.  Cuban, who has been active in the crypto space over the last few years, said during the interview that he’s sold “most” of his BTC, just two years after suggesting the . Last year, the billionaire had , but eventually told *Decrypt* that he had no such plans to follow through. In his latest crypto commentary, he told *Front Office Sports* that “token stuff” and “meme coins” were “garbage.” His disappointment with crypto stems from NFTs to , though less so than his distaste with the current state of Bitcoin.  “I don’t know if it’s dead, but I’d say it's disappointing,” he said of NFTs, adding that the crypto industry as a whole has been a letdown because it hasn’t found “an application for grandma.”  Cuban , highlighting its advantages over physical ownership while . He was also a noted fan of , like , saying that people were more willing to spend it on products and services rather than just hold it like Bitcoin. In 2021, Cuban even suggested could and hover near the $1 mark. Under his ownership in 2021, the NBA’s Mavericks as payment for merchandise.