Billionaire Mark Cuban says that he has sold most of his bitcoin, and he doesn’t mince words as to why. In a recent interview with Front Office Sports, the billionaire investor and partial owner of the Dallas Mavericks said the crypto asset has “lost the plot” and singled out bitcoin’s failure to keep pace with gold during bouts of geopolitical stress over the past year, periods when many investors expected the asset to prove its worth as a reliable hedge against economic turmoil. During the clip, which did not make the final cut of the interview but was posted on X by host Daniel Roberts as additional content, Cuban voiced broader frustration with crypto in general. “I don’t know if it’s dead, but it’s disappointing,” said Cuban. “Crypto is disappointing because it hasn’t come up with an application for grandma.” Mark Cuban on crypto: "Bitcoin has lost the plot. I always thought it was a better version of gold than gold. Well, gold just blew up, Bitcoin dropped. Not the hedge I expected it to be." says he sold most of his BTC. as for memecoins? "garbage."https://t.co/EgH1rd5GGJ pic.twitter.com/oYRMye3DEg — Daniel Roberts (@readDanwrite) May 21, 2026 ‘Not the hedge I expected it to be’ When discussing bitcoin specifically, Cuban laid out his reasoning in detail: “I think bitcoin has lost the plot. When I started buying bitcoin, and I’ve sold… most of it, it was because when all the shit hit the fan with the Iran war, you know, 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 and went to $5,000, bitcoin dropped. And every time the dollar dropped, bitcoin should have gone up… and it just didn’t do that. [It’s] not the hedge I expected it to be, and that was just really disappointing.”