Mark Cuban Sells Most Bitcoin Holdings Amid Market Concerns

Mark Cuban, once a strong proponent of Bitcoin, has sold off most of his holdings, expressing disappointment in its performance as a hedge against global instability. As Bitcoin continues to decline, concerns over economic conditions and inflation rise among investors. The cryptocurrency market is witnessing significant sell-offs, with Bitcoin dropping below $76,000. This article delves into Cuban's shift in perspective and the current state of the cryptocurrency market, including trading volumes and the performance of other major tokens like Ethereum and BNB.

By Narendra Chaudhary May 28, 2026, 11:03 IST

Mark Cuban's Shift on Bitcoin Investment

Mark Cuban, the American billionaire and former Shark Tank investor, once a strong advocate for cryptocurrency, has recently disclosed that he has divested most of his Bitcoin assets. Cuban expressed disappointment, stating that Bitcoin has not fulfilled its role as a safeguard against global instability. Previously, he had touted Bitcoin as a superior alternative to gold, but he noted that during recent geopolitical tensions, Bitcoin's performance was underwhelming. He remarked, “When the situation escalated with the Iran conflict, I believed Bitcoin would be the best substitute for fiat currencies losing value. However, while gold surged to $5,000, Bitcoin's value declined. It hasn't served as the hedge I anticipated.” In 2021, Cuban dedicated significant time to studying cryptocurrency and even formed blockchain partnerships with his NBA team, with his portfolio comprising approximately 60% Bitcoin, 30% Ethereum, and 10% smaller tokens.

Bitcoin's Ongoing Decline

Bitcoin fall continues:

Bitcoin has recently plummeted to its lowest point in over five weeks, driven by economic uncertainty and significant outflows from US exchange-traded funds impacting the leading cryptocurrency. On Thursday in Singapore, Bitcoin saw a decrease of up to 1.5%, settling at $74,017. Meanwhile, Ether, the second-largest cryptocurrency, experienced a decline exceeding 2%. The ongoing conflict in Iran has heightened inflation fears and interest rate anxieties, exacerbating worries among crypto investors. According to the CoinDCX Research Team, the crypto market is undergoing a substantial sell-off, with Bitcoin's price falling below $76,000, dragging down altcoins. Ethereum remains above $2,000, while BNB is at $655, Tron at $0.37, Dogecoin at $0.1, and Hyperliquid at $60. Notably, the weekly trading volume for the top 10 cryptocurrencies has decreased to $80 billion in 2026, down from an average of $178 billion in 2025, marking a decline of over 50%. In a positive development, Hyperliquid has surpassed Ethereum in 24-hour inflows, and MasterCard along with Chainlink are poised to allow 3.5 billion cardholders to buy crypto on-chain.