After leaving the crypto room at a loss last week after his high profile entry, the founder of Barstool Sports, Dave Portnoy hints that he is not completely done with Bitcoin yet.
In a tweet from August 25th to his 1.7 million followers the king of “day trading” said that he would “save” bitcoin and cryptocurrencies, but only if they asked him kindly.
“It seems I didn’t buy or sell at the height of Bitcoin after all, as everything is way lower than when I got involved.”, said Portnoy. “Should I take a few minutes to pile up the Wall Street stacks to save the troubled cryptocurrency market?”
– Dave Portnoy (@stoolpresident) August 25, 2020
It’s not clear what the Barstool founder meant by this statement, but it may be related to the fact that the price of Bitcoin (BTC) has increased 3.7% over the past 24 hours, from $ 11,764 to $ 11,325 at the time of writing has fallen. This post.
Portnoy got more involved in the crypto space after inviting Gemini exchange founders, Tyler and Cameron Winklevoss, for a discussion on Bitcoin and other tokens on Aug 13. Since their meeting, the Barstool founder has said he has made nearly $ 100,000 in profits from Bitcoin … before later reporting that he sold his coins on August 21 with a loss of $ 25,000.
Although the Barstool founder had previously called Chainlink (LINK), which advocates fraud in the crypto room, he added LINK to its “ransom” offering. Shortly after his comments on Bitcoin and cryptocurrencies, Portnoy too I ask to his Twitter followers: “Is it time to save the LINK Marines?”
The day before, Tyler Winklevoss had announced Gemini Portnoy’s return.
“Those who believe that @stoolpresident #Bitcoin and crypto go so easily don’t understand people that easily. Remember, #DDTG doesn’t play checkers, it plays 3D chess.”
Many of the responses from Crypto Twitter seemed to suggest that Bitcoin would be fine without Portnoy’s intervention.
“That’s the size of Bitcoin”, said Crypto Rand to its 218,000 followers. “He doesn’t need you. He doesn’t need anyone. “
Gold attorney Peter Schiff took part in the discussion, affirmative that Portnoy should also stay out of it, but only because he believed that Bitcoin could no longer be saved::
“If you encourage enough people to buy now, more people who arrived early can leave. But you will not prevent the collapse, you will just delay it a little. But why jump on a sinking ship or encourage others to do so? You did well at reducing your losses. “