Dave Portnoy, president of pop-culture and sports-focused media firm Barstool Sports activities, at this time revealed that he purchased one Bitcoin—after swearing that he won’t ever do it two months in the past.
“Breaking: I’m the proud proprietor of 1 Bitcoin,” Portnoy tweeted at this time.
— Dave Portnoy (@stoolpresidente) April 26, 2021
“I did purchase one Bitcoin. When it was at $48,000, it’s all I may afford. Fifty grand and I personal one Bitcoin proper now. I don’t personal any DOGE. I bought DOGE, not at loss. I purchased it excessive, when Dogecoin didn’t go, I bought it and moved on, purchased one Bitcoin. I’m a proud proprietor of 1 Bitcoin. Not together with all of the Bitcoin that I misplaced within the ether, like, 4 years in the past,” Portnoy mentioned within the video.
Notably, the president of Barstool Sports activities has a tumultuous love/hate relationship with cryptocurrencies. Final August, Portnoy mentioned that he invested $1 million in Bitcoin (at roughly $11,500 on the time) and Chainlink, talking fairly positively about digital belongings.
Simply two weeks later, nonetheless, he bought all his crypto as costs dipped, dropping about $25,000 within the course of, by his personal admission. Since then, Portnoy has been criticizing Bitcoin and even swore to by no means purchase it once more in February.
— Dave Portnoy (@stoolpresidente) February 17, 2021
“Bitcoin is the one factor that doesn’t go down, 51 thousand. Bitcoin is fucking 51 thousand, and 11 thousand in August. Jesus Christ,” Portnoy mentioned in his video, including, “I’m by no means shopping for Bitcoin. By no means. By no means-never. I don’t consider a factor about it. However I do suppose it’s worthwhile. I feel with sufficient steam, that it could simply proceed to go up endlessly, however I don’t purchase the underlying junk behind it.”
Now, it appears to be like just like the “underlying junk” gained in spite of everything.
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