Recently, David Scott Portnoy, who is an American internet celebrity, blogger, as well as the founder and president of Barstools Sports, expressed his regret at selling his BTC holdings too soon.
On 4 August 2020, Portnoy invited the Winklevoss twins to show him how to buy Bitcoin.
— Dave Portnoy (@stoolpresidente) August 4, 2020
His journey with cryptocurrencies began on 13 August 2020, when he bought $200,000 of Bitcoin (BTC) and $50,000 Chainlink (LINK) with the help of the Winklevoss twins—the co-founders of crypto exchange Gemini—who had accepted Portnoy’s invitation and come to his house to explain Bitcoin to him and show him how to buy crypto
I Am Now the Baron of Bitcoin Featuring The Winklevoss Twins @tylerwinklevoss @winklevoss pic.twitter.com/0cGxEGZCs5
— Dave Portnoy (@stoolpresidente) August 13, 2020
Portnoy bought Bitcoin when it was trading around $11,500.
Then, on 21 August 2020, we found out that Portnoy had become disillusioned with the crypto market and that he had cashed out after losing around $25,000.
I currently own zero bitcoins. I will wait and watch. I lost 25k. Just like with the stock market it took my brain time to figure it out. I know this. The Link Marines are weak and the orchid flowers do die in the crypto world. I may or may not be done. #bitcoin
— Dave Portnoy (@stoolpresidente) August 21, 2020
More recently, on March 13, expressed regret over selling all of his BTC holdings.
It's not too late, Dave! Come dance on graves with us. You're the best in the business at that 😂
— Pomp 🌪 (@APompliano) March 13, 2021
Well, on Tuesday (March 30), Portnoy took to Twitter again to admit that he had been wrong about Bitcoin and was now hoping for a large dip in the price of Bitcoin so that he could buy BTC at a price he could stomach.
“I don’t know if you can say I got paper hands in Bitcoin because I didn’t know what the f**k I was doing… and obviously I wish I didn’t sell it at $11,000… with 6X the price, I’d have to be real idiot to say that, but I need a significant dip… I need a price I can stomach to get back in… I wish I was in…“
— Dave Portnoy (@stoolpresidente) March 30, 2021
Featured Image by “petre_barlea” via Pixabay.com
The views and opinions expressed by the author, or the people in any of the embedded videos, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a very high risk of financial loss.