American businessman and social media personality Dave Portnoy is well-known for his honest takes on the crypto market and he doesn't hesitate to share his views even when he is sitting on a multimillion-dollar loss.
The Barstool Sports founder posted a confessional video on X on June 4 in which he admitted that as far as crypto is concerned, ***** ody has ever had as bad timing as him.
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Calling the past week a "freaking disaster" for crypto, Portnoy said he was panicking like everyone else. He revealed that he holds Bitcoin (BTC) and XRP, which were trading at roughly $63,000 and $1.17, respectively, when he recorded the video. The decline, he said, has left him down millions of dollars.
Portnoy also said he bought the shares of Strategy (Nasdaq: MSTR) a week ago while it was already crashing.