After Barstool Sports founder Dave Portnoy left the crypto room in a bewilderment after his high profile entry last week, he hints that he’s not completely done with Bitcoin yet.
In a tweet dated August 25 to 1.7 million followers, the king of day trading said he would “save” bitcoin and cryptocurrencies – but only if kindly asked to do so.
“It looks like I haven’t bought and sold the highest bitcoin after all, because it is much lower than it was when I participated,” Portnoy said. “Should I take a few minutes to pile up on Wall Street to save the volatile crypto market?”
It’s unclear what Barstool’s founder meant with this statement, but it may be related to the fact that the price of Bitcoin (BTC) has fallen 3.7% in the past 24 hours, from $ 11,764 to $ 11,325 at the time of writing.
Portnoy got further involved in the cryptocurrency space after inviting founders of the exchange Gemini Tyler and Cameron Winklevoss for a discussion on Bitcoin and other tokens on August 13th. Since their meeting, the founder of Barstool has said that he has made nearly $ 100,000 in Bitcoin profits, before later on August 21, he sold his coins at a loss of $ 25,000.
Although Chainlink (LINK) has been endorsed by crypto scammers, founder Barstool has included LINK in his bailout package. Shortly after his comments on Bitcoin and cryptocurrencies, Portnoy also asked his Twitter followers, “Is it time to save Link Marines?”
The day before, Tyler Winklevus had predicted a Gemini Portnoy return.
“Those who think that stoolpresidente is too easy to exit #Bitcoin and cryptocurrencies do not understand the man. Remember, #DDTG does not play checkers, he plays 3D chess.”
Several responses from Crypto Twitter seem to indicate that Bitcoin will be fine without Portnoy’s interference.
“This is the size of Bitcoin,” Crypto Rand said of its 218,000 followers. You don’t need one. ”
Gold bug Peter Schiff participated in the discussion and explained that Portnoy should also stay out of the discussion, but only because he believes Bitcoin can no longer be saved:
“If you encourage enough people to buy now, more early people will be able to exit. But you won’t prevent a meltdown, just postpone it a little. But why jump on a sinking ship or encourage others to do it? You got it right about it?” Way of minimizing your losses. “