Barstools’ Dave Portnoy Regrets Selling Bitcoin After Run to All-Time High

Barstools’ Dave Portnoy Regrets Selling Bitcoin After Run to All-Time High

Barstool Sports founder Dave Portnoy regrets selling his bitcoin following the most recent run to an all-time high (ATH) of $61,000. 

In a video update published to Twitter on March 13, Portnoy told followers he was regretful for selling his BTC while tipping his hat to investors who held on to reach the new ATH. 

Portnoy said:

I want to congratulate all my Bitcoin people out there. [$61,000], parabolic guy with the shades and the diamond eyes and all that. ‘Oh, he’s a paper hand.’ When you’re wrong, you’re wrong. I *** paper-handed sold it.

In addition to expressing regret for selling his BTC, the Barstool Sports founder said he wished he could stomach bitcoin’s frequent price volatility. 

He continued: 

I *** can’t take Bitcoin, the ups and downs. I wish I *** had. I took my money and put it in what I think I know and what I can control and what I have a hand [on].

Portnoy, who has gained notoriety in the crypto community by publishing regular trading updates as “Davey Day Trader,” began investing in cryptoassets last year after a meeting with Gemini exchange founders Cameron and Tyler Winklevoss. 

Featured Image Credit: Photo via

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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