THELOGICALINDIAN - What Pushed Dave Portnoy to Sell His Bitcoin A 16 Loss Apparently
On Friday, Dave Portnoy, the architect of Barstool Sports and a celebrity Bitcoin and banal day trader, appear that he was departure the crypto market. He wrote in a cheep that went viral in the crypto space:
He added in a abstracted bulletin that he is accepting “killed” with Bitcoin, abacus that he was up $150,000 at one point but is now down.
Portnoy antiseptic a day after that he absolutely absent $20,000 from his antecedent $1,250,000 investment, which amounts to a bald 1.6%. Many in the cryptocurrency amplitude referenced the number, acquainted how Portnoy wasn’t accessible for the fast and airy Bitcoin market.
According to the investor, though, losses of any affectionate of consequence are unacceptable as stocks “only go up.”
Will Portnoy Be Missing Out on Anything?
Portnoy departure his positions in Bitcoin and added cryptocurrencies raises the catechism if he will be missing out on anything, any abeyant upside.
According to a cardinal of analysts, he will be missing out on exponential upside in the BTC price.
Dan Tapiero — the co-founder of DTAP Capital and Gold Bullion International — afresh acclaimed that Bitcoin could accretion 400 to 900 percent this balderdash cycle:
Raoul Pal echoed this. The Wall Street adept commented that BTC is acceptable to be the best-performing asset over the abutting two years.
