Search results for Dave Portnoy
Crypto
Dave Portnoy says bitcoin rises when he sells, falls when he buys; will hold to zero
Barstool Sports founder Dave Portnoy says he is sitting on multi-million-dollar unrealised losses on his bitcoin investment. He says he bought bitcoin at $100,000 and is now suffering heavy losses, adding he regrets the trade. Portnoy says he has repeatedly mistimed the market, with prices rising after he sells and falling after he buys. He says this time he will keep holding, even to $0.
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.
Crypto
Portnoy urges Strategy chair Saylor to buy more bitcoin after XRP, MSTR losses
Barstool Sports founder Dave Portnoy (데이브 포트노이) publicly urged Strategy (스트래티지) chairman Michael Saylor (마이클 세일러) to buy more bitcoin after recording multimillion-dollar losses in his cryptocurrency portfolio, including XRP and Strategy (MSTR) shares, U.Today reported. Portnoy was described as appealing to Saylor to keep purchasing bitcoin in hopes of a price rebound. Strategy later said it bought 1,550 more bitcoins for $101 million, lifting holdings to 845,256.