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Crypto

Barstool Sports founder says he will cash out XRP at $1.40

Dave Portnoy (데이브 포트노이), founder of U.S. media company Barstool Sports, set $1.40 as his target price to sell XRP, saying he wants to secure cash ahead of an August racehorse auction instead of waiting for $2. He also said Bitcoin needs to rise to $80,000. Portnoy said his crypto portfolio once showed losses of $3 million to $5 million and he is shifting to locking in profits at set levels.

Crypto

Barstool Sports founder says bitcoin could go to zero, challenges critics

Bitcoin fell below $60,000 on June 24, chilling sentiment across the crypto market as Barstool Sports founder Dave Portnoy aired a bearish view. Portnoy said bitcoin appeared to be heading toward zero and demanded explanations from investors who have argued it will rise to $1 million. Markets slid with bitcoin down 4.2 percent intraday. Liquidations totaled $869.39 million, mostly from long positions. Analysts cited ETF outflows and weak demand.