Mark Cuban Sells Most Bitcoin After Gold Outpaced Crypto

Mark Cuban sold most of his Bitcoin holdings after concluding the token did not protect wealth when the dollar weakened or during recent geopolitical tensions related to Iran. He reduced his crypto exposure after observing a divergence in market behavior in which gold rose while Bitcoin lagged. The sales took place with Bitcoin trading near $77,000; Cuban did not disclose the amount sold or his remaining position. Cuban had earlier described Bitcoin as a superior form of gold and held a portfolio heavily weighted toward the asset. He remarked, “I always thought it was a better version of gold than gold, but gold just blew up and went to $5,000, and Bitcoin dropped.” He added that he expected Bitcoin to rise when the dollar fell and that it failed to meet that expectation. The investor also criticized parts of the crypto market, arguing the industry still has not found “an application for grandma.” He described nonfungible tokens as “disappointing” but did not declare them dead. Market participants have observed increased selling from holders who bought five to ten years ago, with more long-term investors trimming or exiting positions in 2026. Crypto prices and flows remained mixed across major tokens during the period around the Iran conflict. The view of Bitcoin as “digital gold” rests on its limited supply and decentralized issuance, attributes some investors believe should preserve value during currency weakness or political uncertainty. Critics point to recent price behavior as evidence that Bitcoin has not consistently moved like traditional safe-haven assets during sudden geopolitical events.