If you’ve ever wondered what happens when a billionaire’s love affair with Bitcoin ends in a messy breakup, Mark Cuban just handed you the transcript. On a podcast that could’ve been titled “Rich Guy Rants,” he casually admitted he’s sold most of his BTC, calling it a “hedge” that forgot to hedge. Classic.
Why Mark Cuban Sold Most Of His Bitcoin
“This might get some people upset,” Cuban said, as if he were revealing his true identity as a sentient toaster. “I think Bitcoin has lost the plot.” Fair. So has the guy who thought investing in crypto was a good idea after watching a YouTube tutorial titled “Get Rich Quick (Or Learn to Spell ‘Scalable’).”
Cuban’s original plan for Bitcoin was to be the “better version of gold than gold.” Gold, which, for context, is just a shiny rock that people mine because they haven’t learned their lesson about trusting things that glimmer. But when the “Iran war” happened-presumably the most dramatic event since someone spilled coffee on a laptop-Bitcoin decided to play it cool. Meanwhile, gold hit $5,000, sipping a martini and laughing at the chaos.
“When all the shit hit the fan with the Iran war,” Cuban said, “Bitcoin was always the best alternative to fiat currency losing its value.” Oh, sure, because nothing says “stability” like a digital ledger that crashes harder than a middle schooler’s first date.
Cuban’s main gripe? Bitcoin didn’t rally when the dollar dipped. “Every time the dollar dropped, Bitcoin should have gone up,” he insisted, as if the laws of economics are just suggestions. Turns out, Bitcoin’s idea of a “hedge” is more like a “glorified paperweight.”
NEW – BILLIONAIRE MARK CUBAN:
I SOLD MOST OF MY BITCOIN. IT’S LOST THE PLOT.
– Neil Jacobs (@NeilJacobs) May 21, 2026
Cuban’s critique is less “Bitcoin is evil” and more “you promised me the moon, and I got a slightly overpriced flashlight.” He even spared Ethereum a little sympathy, saying he’s “not as disappointed in Ethereum.” Maybe Ethereum just has better PR.
But don’t worry-he still has time for his real passion: trashing “the token stuff” and meme coins, which he rightly called “garbage.” Nothing says “crypto expert” like tossing around words like “garbage” while your net worth is still seven digits.
As of press time, BTC traded at $77,257. That’s enough to buy a small island, or about 13 years of therapy for anyone who tried to time the market.
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2026-05-22 18:15