Key facts
- Dave Portnoy stated he will hold Bitcoin until it reaches zero.
- Portnoy bought Bitcoin near $100,000.
- He expressed regret over his purchase.
- Portnoy cited repeated market timing errors.
- He admitted to losing millions on cryptocurrency.
Dave Portnoy, the founder of Barstool Sports, has declared his intention to hold his Bitcoin holdings until the cryptocurrency's value reaches zero. Portnoy, who purchased Bitcoin near its all-time high of approximately $100,000, expressed significant regret over this investment decision. He acknowledged that he has lost millions of dollars as a result of this and other market timing errors. Portnoy stated that he plans to continue holding his Bitcoin despite the substantial financial losses incurred. His comments reflect a deep frustration with his investment performance in the cryptocurrency market.