Dave Portnoy Invested a Seven-Figure Sum in Bitcoin After Meeting the Winklevoss Twins

The founders of the American exchange Gemini, the Winklevoss brothers, met with the creator of the sports media platform Barstool Sports, Dave Portnoy. After the discussion he said he had bought Bitcoin for a seven-figure sum in dollars.

Due to a downturn in the sports industry, caused by restrictions amid COVID-19, Portnoy shifted to exchange trading. In early August he became interested in Bitcoin, but the mechanics of cryptocurrency appeared too complicated to him.

Then he turned to the Winklevoss twins for help, who accepted the invitation. On August 13 the brothers visited his home and explained the basic principles of interacting with cryptocurrency. The brothers used sporting terms and analogies, comparing the blockchain to a scorecard, and miners to referees.

Davey Day Trader Bitcoin Edition featuring the Winklevoss Twins — August 13, 2020 https://t.co/bKhzM27owo

— Dave Portnoy (@stoolpresidente) August 13, 2020

\”Gold for boomers. Bitcoin is the only constant asset in the galaxy,\” said one of the brothers.

In a conversation with the twins Portnoy said he had already purchased BTC for $250 000. During a live stream he also bought an undisclosed amount. Later he clarified that the value of his Bitcoin assets is seven figures.

Portnoy’s activity on exchanges is followed by 1.7 million followers on Twitter. He has repeatedly mentioned the desire to release an altcoin DaveCoin, for which he asked the Winklevosses to help find developers.

In early August Cameron Winklevoss stated that not owning Bitcoin today is a more egregious investment mistake than not investing in tech companies in the early 2000s.

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