Dave Portnoy says ‘just shut up and buy Bitcoin’ as he reveals $5 million bet
Barstool Sports founder Dave Portnoy has offered a reflection on his investing approach, admitting that, for all the debate and Analysis , simply buying Bitcoin (BTC) might have been the smarter move all along. Portnoy shared that he talks with his financial advisor daily about stocks, only to confess they may have been overthinking it. All the back-and-forth, he suggested, might have distracted them from the obvious Bitcoin play, he said in an X post on July 14. His remarks hinted at a sense of frustration with traditional investing strategies that can leave investors second-guessing while the crypto market surges ahead. The investor’s comments follow Bitcoin’s strong run, which has seen the cryptocurrency climb from under $100,000 to a new record high above $123,000. As of press time, Bitcoin was in a consolidation mode, trading at $119,889, up 0.6% in the last 24 hours. Bitcoin seven-day price chart. Source: Finbold Describing the market as “rip city,”...