The founder of Barstool Sports, Dave Portnoy, congratulated Bitcoin investors on reaching a new all-time high. He admitted he was hasty, selling the asset too early.
Emergency Press Conference — I Fucked Up Bitcoin pic.twitter.com/wJcRTMn5do
— Dave Portnoy (@stoolpresidente) March 13, 2021
In August 2020, investor sold all bitcoins at about $11,600. He said he lost $25,000 on the market downturn and grew disillusioned with cryptocurrencies.
Bitcoin price chart in August 2020. Data: Yahoo Finance.
Besides Bitcoin, Portnoy also bought Chainlink and Orchid coins and actively promoted them before selling the digital gold. After deciding to divest from cryptocurrencies, he was criticised for buying \”shitcoins\” and deviating from a HODL strategy.
In replies to Portnoy’s tweet acknowledging the mistake, supporters of digital assets noted that it’s never too late to come back. The entrepreneur has not yet disclosed his investment plans.
On March 13, Bitcoin surpassed the $61,000 mark. On March 15, the price fell below $55,000. At the time of writing, the asset was trading around $56,400.
Earlier, Kraken CEO Jesse Powell stated the price of Bitcoin could reach $1 million within ten years.
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