Mark Cuban Has Sold Most of His Bitcoin, Says It Has 'Lost the Plot'

Billionaire investor Mark Cuban has revealed he sold the majority of his Bitcoin holdings, delivering a pointed critique of the asset's direction. "Bitcoin has lost the plot," Cuban said, adding that he originally believed it was "a better version of gold than gold" — a thesis he no longer appears to hold.

Cuban's exit is notable less for its size and more for the sentiment it signals. As a high-profile tech entrepreneur and longtime crypto commentator, his public disillusionment adds to a growing chorus of early believers questioning whether Bitcoin has drifted from its original value proposition as a decentralised store of value.

The remarks land at a sensitive moment for market sentiment, when institutional inflows from vehicles like spot ETFs have been driving the narrative. A prominent defector from the "digital gold" camp, even one without a disclosed position size, carries…