Barstool Sports founder Dave Portnoy confirmed this week that he will keep his Bitcoin holdings – currently priced at – down to zero if required, while candidly acknowledging his struggle to time the market.
“I’m holding. I’ll keep this asset down to zero,” Portnoy said during an interview with Stuart Varney on FOX Business’s Varney & Co. “If I sell, it will surge again. I’d rather ride the decline this time.”
Portnoy revealed that he acquired Bitcoin at $100,000, leaving him exposed to multimillion‑dollar losses as the cryptocurrency fell from its peak of more than $126,000 in October last year to roughly $63,000 today, according to CoinDesk data.
He admitted a sense of regret: “I bought Bitcoin at $100,000. That’s the one thing I’ve been most wrong about. Whenever I sell, the price spikes; whenever I buy, it drops.” His exact holdings remain private.
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