Barstool’s Portnoy Vows to Hold Bitcoin to Zero After Repeatedly Miscalculating Market Timing

Dave Portnoy, founder of Barstool Sports, has announced his intention to hold Bitcoin (BTC) until its value drops to zero, admitting he has consistently mistimed market entries and exits. In a candid statement, Portnoy acknowledged his poor track record with cryptocurrency trading, stating that his strategy now is to simply hold BTC through any downturn. This declaration comes amid ongoing volatility in the crypto market, where Portnoy has previously made high-profile trades that resulted in losses. His latest stance reflects a defiant, long-term bearish outlook on Bitcoin, despite its historical resilience and recovery patterns. The announcement has sparked mixed reactions from the crypto community, with some viewing it as a publicity stunt and others as a cautionary tale about emotional trading decisions.