Bitcoin Holds Near $75K as Analysts Counter Cuban's 'Lost the Plot' Sale

Bitcoin trades around $75,000 in late May 2026 after briefly topping $80,000, despite Mark Cuban selling most of his holdings on May 21 and declaring the asset has 'lost the plot' as an inflation hedge. Cuban pointed to gold's surge to near $5,000, yet data shows BTC rose 16-25% since the Iran conflict began February 28 and outperformed gold by 35%. Spot Bitcoin ETFs recorded $1.5 billion in net outflows, adding short-term pressure, while analysts highlight intact structural drivers including post-halving supply tightening, institutional adoption, and U.S. policy catalysts. The episode underscores mixed sentiment but reinforces a long-term bullish case over headline-driven exits.