Dave Portnoy Buys XRP, Citing Fear of Missing Out
Dave Portnoy, founder of Barstool Sports, highlighted XRP during his appearance at CoinDesk’s Consensus 2025. He admitted to purchasing the token due to fear of missing out (FOMO).
- Portnoy described current market dynamics, stating, "Even Bitcoin is, frankly, a memecoin."
- He shared past successful investments, including Axon stock and sports victories, noting the thrill of easy gains from crypto.
- His interest in XRP stems from a recent experience where he lost a Miami apartment bid to a crypto investor, prompting his anxiety about missing out on potential profits.
- Portnoy's investment in XRP is speculative rather than based on strong belief in its fundamentals, expressing concern it could be “the next Bitcoin.”
- He recounted a previous encounter with Bitcoin, where he sold after being unimpressed by the Winklevoss twins' explanation, missing out on significant gains.
As of now, XRP trades at $2.40.
