'Every Time I Buy It, It Tanks': Dave Portnoy Says He's Losing Millions as Bitcoin Falls

Dave Portnoy, the founder of Barstool Sports, has publicly admitted to losing millions as Bitcoin's value plummets, humorously remarking that he feels like he's cursed with the cryptocurrency. Despite the significant financial losses, Portnoy remains resolute in holding onto his remaining Bitcoin, even if it drops to zero. This situation underscores the volatile nature of cryptocurrencies and the potential financial risks for high-profile investors who publicly disclose their holdings. His comments reflect broader concerns about Bitcoin's stability and its appeal as a long-term investment.