Barstool's Portnoy makes $1M Bitcoin investment, says it's 'here to stay'

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Barstool Sports founder Dave Portnoy, who admitted to once being skeptical of Bitcoin, discussed the future of the cryptocurrency amid its recent slide, noting that he believes the crypto is “here to stay.”

Barstool Sports founder and CEO Dave Portnoy says he 'certainly' wouldn't say Bitcoin 'is a scam now,' reacting to former President Trump's description of the cryptocurrency. on the cryptocurrency SafeMoon with Varney. He stated in a video that he had purchased $40,000 of the coin and told Varney that he planned on holding on to it for years.

Portnoy said back in May that he'd done a bit of research and liked the "concept of SafeMoon" before purchasing the crypto, noting that, since then, it has been "a wild ride." On Friday, he admitted that he "took a bath on SafeMoon" and gets the skepticism surrounding smaller coins. He told Varney on Friday that he still holds SafeMoon, but has more confidence in Bitcoin. "It’s not going anywhere," he added. "Too many big players are in."

Portnoy admitted that he hasn’t figured out Bitcoin and other cryptocurrencies, but he has figured out the appeal.

 

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When 7-11 takes bit coin, it’s here to stay. DontHoldBreath

Will be $500k ever so shortly.

Nancy Pelosi desires us Olympians to go to china but tells them now not to talk out towards the Communist Govt

stoolpresidente

Can’t take his investment advices seriously. He endorsed InvestwithBUZZ and turned out to be garbage

'Here To Stay' They Dont Call Him PaperHandsPortnoy For No Reason

should have bought $XRP instead..

The pyramid scheme that never ends

Sell signal…

stoolpresidente just go ahead and make 100 milli! Hahaha!

stoolpresidente take SOME profits. Fox just fist-humped you with this one…

Paper hand Portnoy

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 /  🏆 458. in TH

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