Barstool Sports founder Dave Portnoy said this week he will keep his bitcoin down to zero if necessary, although he admits his difficulties in synchronizing the market.
“I’m holding on. I’ll keep this at zero,” Portnoy told FOX Business’ Stuart Varney on Varney & Co. “I know if I sell it, it’ll go nuclear again. This time I’d rather go down with the ship.”
Portnoy said he bought bitcoins for $100,000 and now has millions in losses. BTC peaked at over $126,000 in October last year, and has since halved to $63,000, CoinDesk data shows.
“Yes, I regret it. I bought it for $100,000. There’s nothing I’ve been more wrong about than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it collapses,” Portnoy said. His exact BTC holdings are not publicly known.
