Barstool Sports founder Dave Portnoy stated that he plans to hold his bitcoin all the way down to zero if necessary, after buying it near $100,000:
“I’m holding. I’ll hold this thing down to zero,” Portnoy told FOX Business’ Stuart Varney. “I know if I sell it, it’s going to go nuclear again. I’d rather go down with the ship this time.” Portnoy mentioned that he bought bitcoin at $100,000 and is now sitting on millions of losses:
“Yeah, I got regrets. I bought the thing at $100,000. There’s nothing I’ve been wrong about more than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it tanks,” Portnoy noted:
His comments underscore a familiar struggle of most market participants in volatile markets: the persistent difficulty of precise entry and exit timing:
Whether his newfound holding strategy aligns him with BTC's trajectory over the coming cycles remains to be seen, but his candor highlights a lesson many retail investors learn the hard way: the best move is simply to stop trying to time the market and hold on.
