Mark Cuban Sells 80% of Bitcoin Holdings After Gold Outperforms BTC

According to Front Office Sports, Mark Cuban sold approximately 80% of his Bitcoin holdings over the past six months, stating he lost confidence in Bitcoin's long-standing "digital gold" narrative as a reliable macroeconomic hedge.

Cuban told the outlet that gold significantly outperformed Bitcoin during recent market uncertainty, with gold prices rising above $5,000 and gaining more than 11% over six months, while Bitcoin declined roughly 17% to around $79,500 at press time. Despite reducing his Bitcoin exposure, Cuban said he maintains his Ethereum holdings because he believes smart contracts and decentralized finance applications offer clearer long-term utility than Bitcoin's store-of-value proposition.