Mark Cuban Once Told Bill Maher He’d Be ‘Dumb’ to Choose Gold Over Bitcoin — Less Than Four Years Later, the 'Shark Tank' Star Has Dumped Most of His BTC

Billionaire investor Mark Cuban once challenged comedian Bill Maher’s belief that gold was a superior hedge to Bitcoin , only to concede years later that the apex cryptocurrency wasn’t the hedge he expected it to be.When Cuban Made the Bull Case for BitcoinDuring the Club Randon Podcast dated Dec. 29, 2022, Maher said he’s anti-Bitcoin and prefers holding gold, which he considered a “hedge against everything else.”Cuban pushed back on the narrative, calling Maher "dumb" for holding gold. He argued that both gold and Bitcoin derive their value not from any peg or intrinsic backing, but from market perception.The “Shark Tank” star said he’s waiting for Bitcoin to dip further so that he can accumulate some more. Remember, this was the peak of the , when BTC crashed to $16,000. Read Also: From Optimism to RetreatFast forward to 2026, and Cuban isn’t the same Bitcoin bull he used to be.In May, the billionaire as it didn’t turn out to be the "hedge" he expected. He added that than a safe haven.Although Bitcoin has lagged gold over the past year and five-year period, it has outperformed the precious metal over longer time horizons.Asset1-Year Gains +/-5-Year Gains +/-10-Year Gains +/-Bitcoin-46%+36%+10,940%Spot Gold +29%+143%+220%Cuban said he builds his investments around a thesis, and as long as the thesis holds, he stays in.“But when it turns out my thesis is wrong, that’s when I get out,” he added.Notably, Cuban also expressed his dissatisfaction with cryptocurrency in general, arguing that it hasn’t come up with an "application for grandma." He also referred to memecoins as "garbage."Price Action: At the time of writing, BTC was exchanging hands at $63,321.12, down 0.37% in the last 24 hours, according to data from Benzinga Pro. Read Also: Mark Cuban Urges Investors to Pressure Health Insurers Over Healthcare Costs: ‘You Can Make a Difference’ Photo Courtesy: Kathy Hutchins on Shutterstock.com