Skip to navigationSkip to main contentSkip to right columnAditi GangulyThu, June 4, 2026 at 5:45 PM GMT+2 9 min readMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.“I don’t know if it’s dead, but I’d say it’s disappointing.” That’s what Mark Cuban had to say about crypto in a recent interview with Front Office Sports (1).Bitcoin is a major source of Cuban’s disappointment. “This might get some people upset: I think bitcoin has lost the plot,” he said. The former Shark Tank host says he recently sold most of his holdings because they aren’t performing well as an inflation hedge, especially now that the Iran War is causing inflation hikes.Top PicksHere’s how to get rich from rising US property values with as little as $100 — and without the stress of angry tenantsDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAPThe IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold“I always thought it was a better version of gold than gold. Well, gold just blew up and went to $5,000; bitcoin dropped,” Cuban said. “Every time the dollar dropped, bitcoin should have gone up.”Some bitcoin aficionados, such as Blockstream CEO Adam Back, say Cuban hasn’t given bitcoin a fair shake (2). “I don’t know what @mcuban is trying to say .. doesn’t line up with data unless he sold the bottom,” Back said on X (3) last week.Does bitcoin make a good inflation hedge? Was Cuban right to sell? Here’s how the math breaks down.Does bitcoin work as an inflation hedge?An investment counts as an inflation hedge when it helps protect its investor against the ever-decreasing purchasing power of money. In other words, when fiat currency dips, a hedge retains — or sometimes even increases — in value.Fiat currency, like the US dollar, loses some value each year because the government can (and will) print more of it as needed (4). The more dollars are printed, the less each individual dollar is worth.Meanwhile, the number of bitcoins that can exist is computationally capped. There can only ever be 21 million coins (5). In theory, this makes bitcoin a good hedge against inflation.While bitcoin underwent a rough crypto winter — with prices down over 45% from its record highs last October — some think the bear run might be on its last legs (6).“Top-buyer capitulation is a very common theme in late cycle bear markets. This makes us more confident that BTC’s bear market is in late stages,” Compass Point analyst Ed Engel wrote in a note (7).But for crypto evangelists, a dip could be the perfect time to bolster your portfolio. Platforms like Kraken can help trading cryptocurrencies a breeze — whether you’re an acolyte or a priest.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info