They call her “El President”. But unlike the other president, Dave Portnoy traces a line when the same is launched. He fears that his disciples allow their shirts.
“I got involved in even because I wanted to launch a Memecoin barstool, but I didn’t want my fans and my subscribers to lose money,” he said in an interview with Coindesk. Samecoins are “legalized Ponzi diets”, he said, “there is no value, so you have to enter and go out before it crashes.” [Note: memecoins aren’t legalized in the U.S. but they are popular.]
Although Portnoy has not launched a brand brand Barstool, it launched other mecoins. In February, he launched Greed, a token that reached a market capitalization of $ 41.5 million. According to Lookonchain, Portnoy bought $ 357.92 million, totaling 35.79% of the total supply, then sold everything in a single transaction, which caused the price. He won about $ 258,000.
The founder of Barstool Sports went to X following: “I warned the people I could sell. I could have removed +1 million. I dropped it 75% before withdrawn.
Portnoy began to negotiate actions during the COVVI-19 pandemic, and even launched the Youtube channel Davey Day Trader, where fans could follow its professions. His professions did not always succeed, and there was still no clear strategy, but they were entertaining. At one point, he withdrew the letters from a scrabble bag, gathered RTX (Raytheon Technologies Corporation) and put $ 200,000 in action.
It was at this time that Portnoy was presented in Bitcoin. “I don’t think you can be involved in anything, the stock market [or] Finance without crypto being an important part, “he says now. He has a love / hatred relationship with Bitcoin because he says he is “on the wrong side of it every time he is tearing himself apart”. Over the years, he has also experienced investment in cryptocurrencies like XRP.
Although Portnoy has entered the same because he wanted to launch one for the Barstool community, he admits that he still does not understand how to implement blockchain technology or cryptocurrencies in his business model. Barstool once accepted Bitcoin as part of its Barstool fund to help small businesses, but out of $ 50 million raised, he said that only $ 30,000 came from Bitcoin.
“They spoke great, a big speech, but that did not work,” he said, reflecting on the Bitcoin community which persuaded him to accept cryptocurrency. “The crypto is the leader of the people’s league telling you [you] Should do, and he is also the head of the people’s league in whom I do not trust. »»
Portnoy experienced with same, Bitcoin, and even launched an NFT attached to its popular Pizza Onetube One Cock Review which sold for $ 138,000. And, although he does not always understand them, he says: “As much as I go back and forth with the cryptographic community, I really like them. I think they are hilarious […] An interesting group, which I guess I am a part.
Dave Portnoy will share more on his cryptography journey with 2025 consensus in Toronto on May 15. Get your tickets here.
