Mark Cuban Defends Bitcoin Sales From $120k to $88k as BTC Hovers Near $76k

Mark Cuban clarified on June 4 that he does not believe Bitcoin will reach zero, framing his sales as routine portfolio rebalancing rather than a bearish call. The billionaire began exiting around $120,000 with his lowest sale at $88,000 after previously labeling the asset 'disappointing' and no longer an effective inflation hedge. His moves follow Tom Lee's June 2 assessment that the selling resembled 'rage-quitting' typical at crypto-winter ends. Bitcoin has since traded near $76,000, up roughly 25% since the Iran conflict began in February yet still 40-45% below October 2025 highs, as analysts weigh whether high-profile exits signal capitulation or further weakness.