Major

2024

Gold

<p>U.S. billionaire entrepreneur Mark Cuban has revealed that he reduced his <a href="https://en.coin-turk.com/bitcoin-breaks-all-time-high-milestones-with-unyielding-surge/" rel="noopener noreferrer nofollow">Bitcoin</a> holdings significantly after questioning BTC’s “digital gold” reputation amid recent market volatility. Cuban stressed that, over the past six months, gold prices surged by more than 11% while Bitcoin lost nearly 17% of its value. During the same period, gold neared its all-time high, surpassing $5,000, whereas Bitcoin fell sharply after hitting record levels.</p>
<h2 id="gold-s-strong-outperformance-over-bitcoin">Gold’s strong outperformance over Bitcoin</h2>
<p>According to Cuban, during times of growing economic uncertainty and geopolitical risks, gold’s status as a safe haven drove rapid gains. Market analysts noted that the precious metal tested $5,000 in May 2024 before stabilizing around $4,500. Meanwhile, Bitcoin reached a record $126,000 in the fourth quarter of 2025 but then entered a prolonged downtrend, dropping as low as $79,500.</p>
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<p>Mini glossary: Mark Cuban is a prominent U.S. business figure known for his technology investments, ownership of the Dallas Mavericks, and his role as an investor on the popular show “Shark Tank.” Cuban has long been a vocal proponent of cryptocurrencies.</p>
<p>A performance table underscores the contrast: gold appreciated by 11% over six months, peaking at $5,000 and settling at $4,500. In contrast, Bitcoin lost 17% in the same period, with a record high of $126,000 before sliding to $79,500.</p>
<h2 id="major-drawdown-in-bitcoin-positions">Major drawdown in Bitcoin positions</h2>
<p>In an interview with Front Office Sports, Cuban stressed that Bitcoin’s reputation as a long-term “digital gold” has significantly weakened. He once believed Bitcoin would, like gold, serve as a safe haven in turbulent times. However, according to his account, “While Bitcoin’s price was dropping, gold soared to record highs.” This reversal led Cuban to lose confidence in BTC.</p>
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 <p>“At first, I thought Bitcoin was superior to gold. But seeing gold appreciate while Bitcoin declined completely shattered the ‘digital gold’ thesis for me. My perspective on Bitcoin has changed,” Cuban stated.</p>
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<p>As of early 2026, Cuban’s portfolio was still BTC-heavy, with 60% in Bitcoin, 30% in <a href="https://en.coin-turk.com/vitalik-buterin-outlines-concerns-over-flis-shift-in-strategy-and-500m-donation-origins/" rel="noopener noreferrer nofollow">Ethereum</a>, and the remaining 10% in other assets. However, in recent weeks he revealed he sold about 80% of his Bitcoin holdings. In contrast, Cuban kept his Ethereum positions, citing belief in the long-term potential of smart contracts and decentralized finance applications.</p>
<h2 id="growing-debate-over-bitcoin-s-safe-haven-status">Growing debate over Bitcoin’s safe haven status</h2>
<p>Recent six-month data shows a significant divergence in the performance of Bitcoin and gold. Market research compiled by <a href="https://lk.software/cryptoappsy/" rel="noopener noreferrer nofollow">CryptoAppsy</a> revealed Bitcoin’s price fell to $79,500 at press time. Experts attributed this decline to a global shift toward safer assets caused by geopolitical and economic pressures, along with tighter monetary policy.</p>
<p>While many investors still see Bitcoin as a possible long-term alternative to gold, gold has recently drawn greater inflows. Nevertheless, some market analysts argue that Bitcoin has yet to fully establish itself as a macro hedge within the global economy.</p>
<p>The post <a href="https://en.coin-turk.com/mark-cuban-slashes-btc-holdings-by-80-as-gold-climbs-11/" rel="noopener noreferrer nofollow">Mark Cuban slashes BTC holdings by 80% as gold climbs 11%</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Mark Cuban slashes BTC holdings by 80% as gold climbs 11%

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