Barstool Sports founder says he won't sell BTC, XRP despite millions in losses

Dave Portnoy, founder of the online sports betting site Barstool Sports, said via X that he will not sell his Bitcoin (BTC) and XRP despite facing millions of dollars in unrealized losses. He explained that he holds a substantial amount of both cryptocurrencies and that the recent market downturn has led to these losses. Portnoy added that he has also exhausted most of his cash reserves buying more during the price decline. He is known to have purchased XRP earlier this year at around $1.70 and has also incurred significant losses on his BTC holdings. Citing former Twitter CEO Jack Dorsey's prediction that Bitcoin will one day reach $1 million, Portnoy stated his intention to continue holding for the long term.