Dave Portnoy says he'll hold bitcoin to zero after buying near $100,000 peak
By
Omkar Godbole
Summary
Barstool Sports founder Dave Portnoy stated he will hold his bitcoin investment all the way down to zero, admitting he bought near the peak at $100,000 and is now facing significant losses. He told FOX Business that he fears selling would cause the price to surge again, so he prefers to "go down with the ship." Bitcoin has fallen roughly 50% from its October peak above $126,000.
Source
bskyDave Portnoy says he'll hold bitcoin to zero after buying near $100,000 peakcoindesk.comKey quotes
· 2 pulledI'm holding. I'll hold this thing down to zero.
I know if I sell it, it's going to go nuclear again. I'd rather go down with the ship this time.
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