Dave Portnoy Remains Bullish on Crypto Despite Significant Losses

Dave Portnoy, the founder of Barstool Sports, has shared his thoughts on the recent decline in cryptocurrency values. In a video post, he revealed that he holds Bitcoin and XRP, which have significantly decreased in value, leaving him with millions of dollars in losses.

Portnoy described the past week as a 'freaking disaster' for crypto, admitting that his timing has been poor. He compared his relationship with crypto to oil and water, stating that they simply don't mix.

Despite facing significant losses, Portnoy has no plans to sell his holdings, instead choosing to hold onto them. He believes it's time to buy when there is 'blood on the streets' and sees the current market as an opportunity for those with deeper pockets to invest in crypto assets at a discounted price.