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Millionaire Dave Portnoy Grabs $1 Million in XRP After Missing God Candle
Dave Portnoy, the founder of Barstool Sports and a self-proclaimed crypto enthusiast, has made headlines once again by investing heavily in Ripple’s native cryptocurrency, XRP. In a recent tweet, Portnoy revealed that he had purchased a staggering $1 million worth of XRP during Monday’s market downturn.
This significant investment comes after Portnoy missed out on a substantial profit opportunity earlier this year. According to his previous statements, he sold his XRP holdings at $2.4 just before the asset surged in value by 50%, prompted by advice regarding competition from Circle. Despite the setback, Portnoy has now re-entered the market, capitalizing on the recent decline.
In addition to the XRP investment, Portnoy also bought $750,000 worth of Bitcoin and $400,000 worth of Ethereum, totaling a massive $2 million in cryptocurrency investments. He took to social media to share his new buys, stating, “So in total, last night, a million dollars of XRP, 400 ETH, 750 of BTC. Blood in the streets.”
Portnoy’s bold move comes amidst a market downturn, with Bitcoin dipping below $90,000 for the first time since April and Ethereum falling beneath $3,000. The cryptocurrency market has been subject to significant volatility recently, leaving many investors wary.
Despite this uncertainty, Portnoy remains optimistic about his investments, stating he is in “hold mode.” He emphasizes his commitment to holding onto his assets, despite any fluctuations in the market.
Source: cryptobriefing.com
