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Dave Portnoy Regrets Selling His Bitcoins Too Soon

Dave Portnoy, creator of the sports media platform Barstool Sports, congratulated bitcoin investors on reaching a new all-time high. He admitted that he was in a hurry, selling the asset too early.

In August 2020, the investor sold all bitcoins at a price of about $ 11,600. He said that he had lost $ 25,000 in the market drawdown, and was disappointed in cryptocurrencies.

Bitcoin price chart in August 2020. Data: Yahoo Finance.

In addition to Bitcoin, Portnoy also acquired the coins of the Chainlink and Orchid projects and actively promoted them before selling digital gold. After deciding to get rid of cryptocurrencies, he was criticized for buying Shitcoins and deviating from the HODL strategy.

In the comments to Portnoy’s tweet admitting the mistake, digital asset advocates noted that it is never too late to return. The entrepreneur has not yet revealed his investment plans.

On March 13, the bitcoin price surpassed the $ 61,000 mark. On March 15, the digital gold rate fell below $ 55,000. At the time of writing, the asset is trading at $ 57,050.

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