Barstool Sports founder believes Bitcoin is here to stay 

Barstool Sports founder believes Bitcoin is here to stay  2

Dave Portnoy said that he studied deeply and found that Bitcoin will only exist in the future to stay. 

Recently Dave Portnoy, founder of Barstool Sports, appeared in an interview with Fox Business. In the interview, he supported bitcoin as a priority, as per his study on this crypto Industry.

Dave told the host that he has a diamond hand after getting into Bitcoin investment with million dollars in BTC only. 

Dave shared his old story and claimed that people described him as paper hand when he bought 29 Bitcoins at the price of $11,000 but sold them the next day. 

“I bought 29 Bitcoins. I’ve been in and out of Bitcoin. I bought it when it was $11,000. I sold it the next day. I got mocked across the internet for doing that. People called me ‘paper hands.”

Dave sold his Bitcoins, because of the correction in the price of Bitcoin. Due to frustration, he sold at a loss. 

“I was waiting for my re-entry point. Fool me once, shame on you. Fool me twice, shame on me…I’m in for the long haul.”

Last Friday, Dave notified his all followers that he bought 29.5 Bitcoins total for $36,924. 

Earlier, around a year ago, Dave said that he will remain away from the crypto market because he found himself not able to understand this market but the latest activities and statement by Dave clearly showed that he did his homework on crypto completely.

On Bitcoin, Dave said that Bitcoin is going toward more adoption because of the financial institutions’ attention in this Bitcoin industry. 

“Here’s what I have figured out – Bitcoin’s here to stay. It’s not going anywhere, it’s widely adopted. You saw main (street) institutions getting in. It’s the future.”

He also said a person will be a fool if he will not include Bitcoin in his portfolio. However, he suggested people not go with all in bitcoin investment.]

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