Mark Cuban Flips on Bitcoin as Price Slides 10% in a Week
Mark Cuban publicly reversed his position on Bitcoin (BTC) on May 24, as the leading cryptocurrency fell more than 10% over the prior week to trade near $77,000. The shift from one of the most prominent retail advocates of Bitcoin draws fresh attention to a broadening macro debate about the asset’s near-term resilience.
Bond market pressure and rising rate-hike expectations have compounded selling in crypto markets across the week.
What Cuban Said
Cuban’s comments, published in a Forbes article on May 24, mark a clean break from his earlier bullish framing of Bitcoin as a hedge against monetary debasement. He pointed to macro headwinds rather than any protocol-specific concern.
His reversal aligns with a wider shift in tone from retail-facing figures who had previously leaned on Bitcoin’s scarcity narrative as sufficient insulation from rate risk.
The timing adds weight to the signal. Bitcoin’s 10% weekly decline comes as the U.S. 10-year Treasury yield pushed toward 4.69% and traders priced in a 58% probability of a Fed rate hike by May 22, according to rate market data tracked by CryptoRank.
That repricing has hurt long-duration assets broadly. Bitcoin, which behaved as a rate-cut beneficiary through much of 2025, is now absorbing the inverse trade.
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Background
Bitcoin’s macro sensitivity has grown steadily since spot ETF approval brought institutional flows into the asset in early 2024.
The same institutional ownership base that accelerated Bitcoin’s climb past $100,000 in late 2024 has made the asset more correlated with rate expectations, not less. Periods of rising yield have consistently produced Bitcoin drawdowns in the 8-15% range over the past six months.
The current decline fits that pattern precisely.
Cuban had been a consistent public supporter of Bitcoin through the 2024 bull cycle, calling it a credible store of value in multiple interviews. His position change on May 24 is therefore not a retail noise event.
It reflects the kind of confidence erosion that tends to accelerate when named advocates publicly reconsider their thesis.
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What to Watch
Bitcoin’s next major test is the $75,000 support level. A close below that figure would represent the deepest pullback of the current macro cycle and would likely draw additional commentary from institutional holders reassessing position sizes.
The Fed’s next policy signal, expected in the week of June 2, will be the primary catalyst in either direction. If rate-hike probability continues to climb, Bitcoin’s correlation with long-duration risk assets will remain a meaningful headwind regardless of on-chain fundamentals.
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