CoinDesk
Mark Cuban has sold the majority of his Bitcoin holdings after concluding the asset failed to behave as a macro hedge during recent geopolitical stress. Speaking on the sports podcast "Portfolio Players," the Dallas Mavericks owner said gold surged while Bitcoin dropped during the Iran conflict — the exact inverse of what his thesis predicted. "Every time the dollar dropped, bitcoin should've gone up... and it just didn't do that," Cuban said.
The reversal is striking given Cuban's long-standing public conviction. As recently as 2021, his crypto portfolio was roughly 60% Bitcoin, 30% Ethereum, and 10% other assets, and he had stated he had "never sold it." He once argued Bitcoin's fixed supply made it a stronger store of value than gold.
Cuban still holds a more favorable view of Ethereum, which he sees as a productive network enabling DeFi and financial applications rather than a…
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