# Mark Cuban sells most of his Bitcoin, says it isn’t a hedge

**Published:** 2026-08-16T17:35:43.011Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/b4d47e62-6017-4586-84cb-411bccf99039

Mark Cuban disclosed in May 2026 he sold most of his BTC holdings, calling the crypto “high‑beta tech” rather than a safe‑haven, while price sits near $63,300.

Mark Cuban announced in May 2026 that he had liquidated the bulk of his Bitcoin position, stating the asset failed to act as the hedge he once championed, a move that coincides with Bitcoin’s modest 0.37% dip to $63,321.12 in the last 24 hours【1】. The shift underscores a broader reassessment among early crypto advocates as the market steadies after a turbulent 2022 winter.

| At a glance | |
|---|---|
| Price | $63,321.12 |
| 24h Change | –0.37% |
| Catalyst | Cuban’s May 2026 Bitcoin sell‑off |
| Recent High | $68,900 (mid‑May 2026) |

## From Bull to Bear: Cuban’s Changing Thesis  
In a December 2022 Club Random podcast, Cuban called Bill Maher “dumb” for preferring gold, arguing that both gold and Bitcoin derive value from market perception rather than intrinsic backing【1】. At that time, Bitcoin was near its 2022 winter low of $16,000, and Cuban said he would buy more on a further dip. Fast‑forward to May 2026, Cuban revealed he had sold most of his BTC holdings because the asset behaved more like a high‑beta technology stock than a safe‑haven, contradicting his earlier bullish stance【1】. He emphasized that he exits positions when the underlying thesis proves wrong, a principle he applied to his Bitcoin divestiture【1】.

## Market Context and On‑Chain Signals  
Bitcoin’s price has lagged gold over the past year and five‑year span, yet it still outperforms the metal over longer horizons, a nuance Cuban acknowledged when discussing his thesis shift【1】. The current price sits below the recent May peak of $68,900, suggesting a modest correction rather than a breakout. No on‑chain metrics such as supply unlocks or large‑wallet flows were disclosed in the sources, limiting deeper analysis of the sell‑off’s impact on market liquidity.

## What to watch  
- **Price thresholds:** $62,000 support and $65,000 resistance could signal short‑term direction.  
- **Regulatory environment:** Any new ETF approvals or SEC rulings in the next quarter may reignite interest in Bitcoin as an institutional hedge.  
- **Cuban’s future statements:** Further comments from the billionaire on crypto could influence sentiment among his followers.

Cuban’s reversal highlights the difficulty of positioning Bitcoin as a universal hedge, especially for investors whose theses depend on asset volatility. Whether his exit marks a broader trend among early adopters or remains an isolated decision will become clearer as price action and regulatory developments unfold.

## Sources
1. Benzinga — [Mark Cuban Once Told Bill Maher He’d Be ‘Dumb’ to Choose Gold...](https://www.benzinga.com/crypto/cryptocurrency/26/08/61237092/mark-cuban-bitcoin-gold-bill-maher-shark-tank-btc)
2. Facol — [Bill Maher and Mark Cuban: Why Their Odd-Couple... - Facol Br](https://facol.br/bill-maher-and-mark-cuban-why-their-odd-couple-dynamic-still-matters-i44)
3. Thecryptobasic — [Peter Schiff Slams Mark Cuban For Promoting Bitcoin Over Gold](https://thecryptobasic.com/2022/12/28/peter-schiff-slams-mark-cuban-for-promoting-bitcoin-over-gold/)

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Cite as: TrendWatcher, "Mark Cuban sells most of his Bitcoin, says it isn’t a hedge", https://www.trendwatcher.in/article/b4d47e62-6017-4586-84cb-411bccf99039