Mark Cuban just sold 80% of his Bitcoin.
Said it "failed as a macro hedge."
$BTC dropped to $75,547.
And I want to give you the honest counter-argument.
Mark Cuban is brilliant. He's a billionaire. He's also been wrong about Bitcoin before. In 2019 he called it "digital gold โ useless." Then he bought it. Now he sold it.
His argument: Bitcoin didn't protect against geopolitical risk the way gold does.
Here's the data he might be missing:
Gold since February war started: +14%
Bitcoin since February war started: -8%
Short term โ he has a point. Gold outperformed.
But here's what the data ALSO shows:
โ
14.84 million BTC: still inactive โ real believers not selling
โ
Germany rejected crypto tax hike yesterday โ protecting long-term holders
โ
SpaceX BTC portfolio: 100%+ gains
โ
Strategy: 818,334 BTC โ not selling a single coin
โ
Bitcoin dominance: 59.43% โ rising
โ
$6B options expiry May 29 โ $82K calls loaded
When Mark Cuban sells โ retail panics.
When Strategy, SpaceX, and 14.84M long-term holders don't sell?
That tells a different story.
๐ BTC today:
โ Price: $75,547 โ down 2.80%
โ Support: $74,000-$75,000 โ critical zone
โ Mark Cuban sold: sentiment signal (contrarian)
โ May 29: CME 24/7 + $6B expiry โ 6 days
Mark Cuban sold. Michael Saylor didn't.
History will remember which decision was right.
#Bitcoin #MarkCuban #BuyTheFear #BinanceSquare #BitmineIncludedInRussell3000