The founder of Barstool Sports, Dave Portnoy, announced he’s coming back to bitcoin after digital currency trading was suddenly abandoned when the (LINK) investment went under. The Barstool Sports founder noted: “My heart is crypto and I will soon return to its market.”
The controversial nature of the internet, the became a popular day trader after the COVID-19 crisis, entered the Bitcoin market on August 14, Meet up with avid billionaire BTC ventures Cameron and Tyler Winklevoss. After getting a quick refresher on what crypto is and how to trade it, Dave has bought a significant amount of Bitcoin and LINK.
Crypto people are the most pleasant ones
Dave Portnoy thinks that many ventures in the cryptocurrency market share a personality similar to him. The entrepreneur and investor reported that crypto people are the most enjoyable people in the world. They are crazy on social media, on Twitter, and have the same personality as he has. Crypto people laugh at themselves, and they want to make money.
Since Barstool founder announced he was leaving the crypto market, Bitcoin’s price eased 12%. Also, the most important altcoins, Ether, and LINK dropped more dramatically against the U.S. dollar.
Since August 22, Link fell by 21%. But altcoin faced bigger setbacks than BTC due to their strong runs in the second half of the current year. The LINK gained from $4.74 to $19.99 between July 6 and August 13. LINK is up by 325%
The times of Dave’s message to the cryptocurrency community is interesting as it comes after the Nasdaq witnessed the fastest 10% decline in history.
The problem with the landscape of the U.S. stock market is that many strategists faced the fall coming. Tech stocks started to decline after reports that SoftBank was likely the “Nasdaq whale” that drove promoted price increase with a enermous $4 billion options bet on U.S. equities.
Portnoy claims that he will soon return to Bitcoin and says that “he loves crypto and LINK marines.”