Bitcoin

Gold

Hedge

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 Cuban said gold outperformed Bitcoin during recent market uncertainty, with gold rising above $5,000 while Bitcoin declined. Over the past six months, gold gained more than 11%, while Bitcoin fell around 17% from its highs. Despite reducing his Bitcoin exposure, Cuban said he still holds Ethereum because he sees stronger long-term utility in smart contracts and decentralized finance applications.
 <h2 id="mark-cuban-dumps-most-of-his-bitcoin">Mark Cuban Dumps Most of His Bitcoin</h2>
 Mark Cuban <a href="https://www.thestreet.com/crypto/markets/mark-cuban-backs-a-crypto-idea-many-once-hated" rel="noopener noreferrer nofollow">revealed</a> that he sold roughly 80% of his Bitcoin holdings after losing confidence in the cryptocurrency’s long-standing “digital gold” narrative. Speaking to Front Office Sports, the billionaire investor said he no longer believes Bitcoin behaves like the safe-haven asset many supporters claim it to be during periods of economic uncertainty, dollar weakness, or geopolitical instability.
 Cuban explained that he originally saw Bitcoin as a superior version of gold because of its scarcity and decentralized nature. However, recent market behavior changed his perspective.&nbsp;
 According to him, gold surged aggressively during periods of global tension while Bitcoin moved in the opposite direction. For him, this weakened the argument that BTC serves as a reliable hedge against macroeconomic risk. “I always thought it was a better version of gold than gold. But gold just blew up and went to $5,000. Bitcoin dropped,” Cuban said.
 His comments are a major shift in sentiment considering that Cuban previously described Bitcoin as preferable to gold during economic crises and repeatedly stated that he never sold his holdings.&nbsp;
 Entering 2026, his portfolio reportedly consisted of approximately 60% Bitcoin, 30% Ethereum, and 10% other assets. While he dramatically reduced his BTC exposure, he still has his Ethereum holdings because he believes smart contracts and decentralized finance applications provide clearer long-term utility.
 Over the past six months, the performance divergence between gold and Bitcoin has become one of the crypto sector’s biggest talking points. Gold prices <a href="https://coincodex.com/precious-metal/gold/" rel="noopener noreferrer nofollow">climbed by more than 11%</a> over six months and reached a peak close to the $5,000 level. Even after pulling back slightly, gold still trades around $4,500.
 Gold’s price over the past&nbsp; 6 months (Source: CoinCodex)
 Bitcoin, on the other hand, experienced a lot more volatility. BTC climbed toward record highs earlier in the year and reached an all-time high above $126,000 in October of 2025 before entering a prolonged correction phase.&nbsp;
 Over the past six months, Bitcoin fell roughly 17%, and <a href="https://coincodex.com/crypto/bitcoin/'" rel="noopener noreferrer nofollow">traded close to $79,500</a> at press time. The decline fueled criticism from investors who expected Bitcoin to outperform during periods of weakening fiat confidence and geopolitical instability.
 BTC’s price action over the past 6 months (Source: CoinCodex)
 While some people still see BTC as an emerging store of value capable of competing with gold over time, others view it as a high-risk speculative asset that has yet to fully mature into a reliable macro hedge.
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Mark Cuban Sells 80% of Bitcoin After Losing Faith in BTC Hedge

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