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Barstool Sports Blog Founder Dave Portnoy Spends a “Cool Million” for 29 Bitcoins – Bitcoin News

Barstool Sports blog founder Dave Portnoy announced that he bought 29 bitcoins on January 28, spending over $1 million. The day trader has had its ups and downs with bitcoin over the past few years, and it looks like he is now coming back into the market.

Day Trader Dave Portnoy bought 29 Bitcoins on the fly after his ups and downs with the crypto leader

In August 2020, stock trader and Barstool Sports blog founder Dave Portnoy told his Twitter followers that he currently had “zero bitcoin”. “I’ll wait and watch”, the day trader wrote at the time. “I lost 25K. Just like with the stock market, it took my brain a while to figure it out. I know that. Link Marines are weak and orchid flowers are dying in the crypto world. I may or may not be done,” Portnoy added. Earlier today, Portnoy seemed very irritated with the cryptocurrency markets and stressed in a video:

This Bitcoin – I don’t trust this market at all. I could be out of it by the end of today and never come back.

The founder of the Barstool Sports blog had recently entered a BTC position when he sold his dogecoin stash (DOGE), after hearing that Tesla had sold bitcoin in April 2021. “I’m the proud owner of 1 bitcoin” , Portnoy said at the time. . Now, it looks like after bitcoin (BTC) fell more than 40% from its all-time high on November 10, 2021, BTC is priced right for Portnoy’s liking. The founder of the Barstool Sports blog tweeted:

I fucked and bought 29 bitcoins today.

Barstool Blogger Writes: ‘Parabolic Dave’ Comes Back With ‘Cool Milly’ Bitcoin Value

Microstrategy CEO Michael Saylor responded to Portnoy’s tweet and said, “Welcome to the Bitcoin team.” The purchase was featured on the Barstool Sports blog in a post titled “Davey Crypto Just Bought $1 Million Worth of Bitcoin,” written by blogger Nate. “I thought this was the last time we would see Parabolic Dave,” Nate wrote. “And then today he reached between the cushions of his couch and bought 29 [bitcoin]. A thousand cooooool. All it took was a little old fashioned bar stool from the mean girls and a side order from Smitty and Dave back in action. I love it.”

The Barstool Sports blog founder’s tweet about buying 29 BTC for $1 million was hugely popular on Twitter, getting over 32,000 likes and over 2,000 retweets, at the time of writing. Many bitcoin supporters welcomed Portnoy back in the fold and backed his decision to spend $1 million on the leading crypto asset.

Keywords in this story

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What do you think of Dave Portnoy messing around and buying 29 bitcoins for a million dollars? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News about disruptive protocols emerging today.

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