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Author Topic: Mark Cuban has declared that he has dumped most of his bitcoin  (Read 270 times)
bbc.reporter (OP)
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May 22, 2026, 03:12:25 AM
 #1

However, it also appears that because he was disappointed that bitcoin did not pump when the war on Iran began, he also is convincing everyone that bitcoin might not be a good investment according to his comparison. The skeptical me thinks he wants you to dump because he has dumped heheheh!

We can be very much certain that he is Elmer Fudding and he will certainly buy back what he has sold if there is another dump under $70k.



Billionaire investor Mark Cuban said he has sold most of his bitcoin holdings after losing confidence in the cryptocurrency’s role as a hedge against weakening fiat currencies and geopolitical instability.

Cuban, who's net worth is about $10 billion, said bitcoin’s price behavior during the recent Iran conflict challenged one of the core reasons he owned the asset during an episode of Front Office Sports' podcast "Portfolio Players," where he mainly discussed professional sports and his ownership of the Dallas Mavericks.

“When all this shit hit the fan with the Iran war, bitcoin was always the best alternative to fiat currency losing its value and I always thought it was a better version of gold than gold. Well, gold just blew up... bitcoin dropped. And every time the dollar dropped, bitcoin should've gone up ... and it just didn't do that,” Cuban said.


Read in full https://www.coindesk.com/markets/2026/05/21/mark-cuban-says-he-sold-most-of-his-bitcoin-after-failed-hedge-narrative-disappointed-the-billionaire

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May 22, 2026, 03:40:28 AM
 #2

What a particular person does – in this case, a billionaire like him – really shouldn’t be our concern. That said, I quite like the bloke.

Although I do think what he says reflects a general feeling about how the price has performed in recent years, which has been rather disappointing, to be honest. For my part, I’m still accumulating bit by bit, but not so much for the potential future returns as because having a portion of your wealth that you manage with your private keys – and which you could take with you or transfer to another part of the world without anyone being able to censor you – has many potential advantages.


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May 22, 2026, 04:09:29 AM
 #3

It seems Mark Cuban wants Bitcoin to correlate with the price of  most of the US Stocks right now, as we all know, when what happened to Iran, it just made most of stocks or entire US stocks market pump too.
For me, this is is a good sign that Bitcoin must be seperate to any geopolitical issue, positive of negative benefits.

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May 22, 2026, 04:22:18 AM
 #4

OP:

Whether we like it or not, Mark Cuban is an internet legend; many forget that now that he's a multi-millionaire. Anyway!! That's his opinion, very much based on common sense or classic financial observation. Anyway, what I can say for sure is that the guy in the photo has nothing to do with the topic, unless Mark had eaten 1000 hamburgers. I know he's a shark because of the TV series, but that guy in the OP photo isn't him.  Cheesy

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May 22, 2026, 04:34:28 AM
Last edit: May 22, 2026, 04:44:56 AM by (BTC)
 #5

Anyway, what I can say for sure is that the guy in the photo has nothing to do with the topic, unless Mark had eaten 1000 hamburgers. I know he's a shark because of the TV series, but that guy in the OP photo isn't him.  Cheesy

Maybe it's "Elmer Fudd", as OP called him? Wait, never mind:



^ I don't recall this man being a non-believer in bitcoin, or any currency to be honest. He just wanted to hunt wabbits. The guy pictured in the OP apparently is some banking executive named Agustin from reverse image searching. Anyhow, what frustrates me about these articles is how they, or Mark himself, doesn't disclose the amount dumped. I know privacy and all, but he's no stranger to making it clear he's a baller to the public. It would give a better idea of how "serious" or not he was with bitcoin in the first place. My guess? Just a bandwagoner.

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May 22, 2026, 04:35:11 AM
 #6

If Mark Cuban is disappointed because it doesn't pump the way gold did, that's okay but totally his opinion.

Did he forget that Bitcoin is doing 6x from $20k to $120k and suddenly because it doesn't blew the way gold did, it's suddenly become disappointing?

His statement kinda expecting Bitcoin to do double bullrun.

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May 22, 2026, 05:23:31 AM
 #7

Mark Cuban doesn’t really believe in anything. He was for Bitcoin, now he’s against it. He was against Donald Trump, now he’s working with him when he saw an opportunity to make money. It wouldn’t surprise me if he starts shilling some other cryptocurrency saying it is superior to Bitcoin.

Cuban only cares about being a celebrity and increasing his net worth at any cost. I wouldn’t expect somebody with such a personality to truly understand Bitcoin. He liked Bitcoin when it was going up and is jumping ship when the market turned bearish. This is what you call having paper hands.

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May 22, 2026, 07:13:22 AM
 #8

It seems Mark Cuban wants Bitcoin to correlate with the price of  most of the US Stocks right now, as we all know, when what happened to Iran, it just made most of stocks or entire US stocks market pump too.
For me, this is is a good sign that Bitcoin must be seperate to any geopolitical issue, positive of negative benefits.

The best time to sell stocks is 2026, they are all on that overbought level, says a multi year old chart that has never been wrong before, what's coming will be ugly for stocks, anyways, this is just my own opinion. I don't plan on buying Bitcoin massively for now, I have some and I want to keep it that way until bitcoin makes a new low, if anyone believes that Bitcoin won't go lower they are not very good at monitoring the chart, patience is needed in this market.

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May 22, 2026, 08:11:22 AM
 #9

He should be aware that the price movement of Bitcoin is unpredictable. There are times when the gold price dropped, while Bitcoin was steady or increased its worth. Everyone has their expectation about Bitcoin and he is free to express his dissapointment. But I doubt people who are knowledgement about Bitcoin will follow his footstep of also dumping their coins. I also have my expecations and in many cases Bitcoin's performance have exceeded them. I am not dumpping, rather its a good time to keep accumulating.

His statement kinda expecting Bitcoin to do double bullrun.
He expects Bitcoin to be independent of global political and economic conditions. I wonder if he is not aware that Bitcoin has a circle which include a bear season.

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May 22, 2026, 08:54:36 AM
 #10

We can be very much certain that he is Elmer Fudding and he will certainly buy back what he has sold if there is another dump under $70k.
If that happens, then there is really nothing surprising about it because they will obviously buy bitcoin at a lower price to make more profit. Since they are billionaires, they can make any move they want, but if they truly sold their holdings, then buying again when bitcoin drops below 70k would definitely be a smart decision. Looking at their actions and opinions, it seems more like they are trying to make double profit by planning to re-enter the market once bitcoin goes below 70k again.

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May 22, 2026, 09:14:14 AM
 #11

It seems Mark Cuban wants Bitcoin to correlate with the price of  most of the US Stocks right now, as we all know, when what happened to Iran, it just made most of stocks or entire US stocks market pump too.
For me, this is is a good sign that Bitcoin must be seperate to any geopolitical issue, positive of negative benefits.

In fact, not the entire US stock market is currently growing. Only a few technology stocks surged, mostly those related to AI and data, and they inadvertently pulled the SP500 and Nasdaq higher. This creates the illusion of a widespread and sustainable bull market even in the face of geopolitical instability, but that is not actually the case.
Furthermore, Mark Cuban forgot that gold also performed quite poorly in the Iran US conflict, not just Bitcoin.

Even a safe haven asset like gold is difficult to detach from politic, and I dont think Bitcoin can.

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May 22, 2026, 09:45:10 AM
 #12

We can be very much certain that he is Elmer Fudding and he will certainly buy back what he has sold if there is another dump under $70k.
If that happens, then there is really nothing surprising about it because they will obviously buy bitcoin at a lower price to make more profit. Since they are billionaires, they can make any move they want, but if they truly sold their holdings, then buying again when bitcoin drops below 70k would definitely be a smart decision. Looking at their actions and opinions, it seems more like they are trying to make double profit by planning to re-enter the market once bitcoin goes below 70k again.

Cuban is smart businessman and throwing his disappointment on Bitcoin seems strategic move on maybe to buy Bitcoin at lower price. He only sold 80% of their holdings, so that means he's still holding Bitcoin.

Maybe he release that statement to attract negative vibes and maybe by that he can move the market then buy cheap Bitcoins again. He already made profit with his past holdings and this is why maybe he want to take position again to buy cheap Bitcoins.

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May 22, 2026, 10:03:49 AM
 #13

What a particular person does – in this case, a billionaire like him – really shouldn’t be our concern. That said, I quite like the bloke.

You'll be surprised how some people would be misled to dumping their's cause he did same with he's ignorant people always value statements of people like him, for instance if Saylor says he's selling you'll see that many of his followers including the ones that haven't held up to 2 years would join in selling too.
 It's suprising cause by now I expect that many people should've understand Bitcoin better and how to invest in it but then you'll see them selling whenever  big players sells off some portions of what they're holding.
 

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May 22, 2026, 10:48:01 AM
 #14

“When all this shit hit the fan with the Iran war, bitcoin was always the best alternative to fiat currency losing its value and I always thought it was a better version of gold than gold. Well, gold just blew up... bitcoin dropped. And every time the dollar dropped, bitcoin should've gone up ... and it just didn't do that,” Cuban said.[/i]
His saying shows that he thought about Bitcoin wrongly and he also saw the market wrongly too. Even the war has been lasted for months, Bitcoin has performed quite well and this bear market even looks better than a latest bear market. Of course, this current bear market has yet ended and perhaps worst has yet come with us, but so far Bitcoin has truly shown its strength.

When chaos globally from economics to politics and wars change, and Bitcoin has its next bull run, I believe that Bitcoin will give knowledgeable, experienced, disciplined investors who can hold and even accumulate more bitcoins during this bear market very good profit.

Cuban can say what he thinks, do what he wants and thinks as right but let him be. We have responsibility and decisions with our own money and Bitcoin portfolios as well as how we do with it in coming months, even years.

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May 22, 2026, 12:35:24 PM
 #15

He makes a profit? he had free marketing online Wink ? That's perfect!
I think bitcoin as a neutral investment as a neutral medium should be apprecciated by everyone.
Billionaires included it's evident, we would not have a real "p2p money" if this can't be used properly by ANYONE.
Personally I was interested in a first time about early investors (like T. Draper) but I am not see anymore interest for this.
Anyone knows bitcoin and what are the advantage of holding. Probably M. Cuban has no reason anymore for being a hodler...

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May 22, 2026, 12:42:14 PM
 #16

Maybe some other people might be interested in his opinion, but the people on this forum should know better than to care what some billionaire thinks about Bitcoin. Satoshi did not invent Bitcoin to make the rich even richer, but to enable ordinary people to be less financially dependent on the system.

The opinions of people from that same system therefore have no meaning - as far as I'm concerned, let Mr. Mars build them a spaceship and send them all as far away from this planet as possible.

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Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
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May 22, 2026, 12:50:35 PM
 #17

Just another person selling their BTC, it is no big deal and maybe he should have just sold the fraction he wanted to sell without telling us. This news is surely not going to cause fud and i don't think anyone would remember it in a few days.

BTC remains an excellent hedge to inflation in fiat currencies and a lot people are buying it for that purpose, so nobody should lose sleep over what Cuban or any other of his millionaire friends say.

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May 22, 2026, 12:53:55 PM
 #18

Cuban, who's net worth is about $10 billion, said bitcoin’s price behavior during the recent Iran conflict challenged one of the core reasons he owned the asset during an episode of Front Office Sports' podcast "Portfolio Players," where he mainly discussed professional sports and his ownership of the Dallas Mavericks.

“When all this shit hit the fan with the Iran war, bitcoin was always the best alternative to fiat currency losing its value and I always thought it was a better version of gold than gold. Well, gold just blew up... bitcoin dropped. And every time the dollar dropped, bitcoin should've gone up ... and it just didn't do that,” Cuban said.[/i]

Read in full https://www.coindesk.com/markets/2026/05/21/mark-cuban-says-he-sold-most-of-his-bitcoin-after-failed-hedge-narrative-disappointed-the-billionaire

Look at his neck tie, you will know that he loves making moves against people, selfish human.

If selling his Bitcoin is what gives him good sleep and doesn't not snore in the night, that his business. When Gold refused to grow in the last 8 years, none of them were able to speak up, all they know is to hide behind stock that will give them good return and rebuy Gold as motivation for their investments. I'm sure all his networth is not worth what Strategy used to buy  Bitcoin under 4 weeks but he is busy making noise and disturbing the internet over his investment.

What this investors don't know is that if they leave, a replacement will come 10x bigger than what they have invested into Bitcoin, soldier will come and go, another will come and the Barack will remain the same. The only thing we will miss about him is his stupidity and effrontery to give us his attention. The next time he opens his mouth and say Gold, none of crypto media will post him but watch him mention Bitcoin and he becomes relevant, that's the power of Bitcoin and sadly they don't know or perhaps they know that's why they can't go a day without saying silly things on the media.

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Will Bitcoin hit $200,000
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    No @1.15         Yes @6.00    
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May 22, 2026, 01:09:34 PM
 #19

~
^ I don't recall this man being a non-believer in bitcoin, or any currency to be honest. He just wanted to hunt wabbits.
Mark Cuban is someone who runs his mouth all the time to get attention. You will find many topics here in this forum discussing about what he says about the cryptocurrency market. If he dumps his BTCitcoin, who cares ?.

Here is a list just for reference.


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May 22, 2026, 01:50:38 PM
 #20

If Mark Cuban really sold most of his Bitcoin, that is his personal decision, not a final judgment on Bitcoin. Big investors change their positions all the time. Some sell because they lost confidence, some because they want less risk, and some because they see better opportunities elsewhere. For me, one billionaire selling does not change Bitcoin’s main idea. It only reminds us that everyone should invest based on their own plan, not celebrity opinions.  Grin
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