Barstool Sports president Dave Portnoy has been amassing a notable following throughout the past few weeks due to his stock trading live streams – and now he wants in on Bitcoin.
Despite previously questioning Bitcoin’s status as an investment, the eccentric trading personality now wants exposure to the digital currency’s immense volatility. In a recent live stream, he asked the Winklevoss twins – early Bitcoin adopters and founders of the popular cryptocurrency exchange – to come to his office and teach him about BTC.Dave Portnoy Extends Office Invitation to Winklevoss Twins to “Explain Bitcoin”
Portnoy, who has described himself as the next Warren Buffett, has built a massive army of loyal – and mostly young – day traders who closely follow his every move. Part of his popularity has stemmed from his high strike rate when it comes to placing stock market trades. On certain occasions, his calls alone have moved stock prices based on the breadth of his following.Although Robinhood offers users access to Bitcoin and other cryptocurrencies, these traders have yet to foray into the crypto market.
“I’m officially inviting the Winklevi twins to my office to explain bitcoin to me. Have to wear the rowing outfits though,” he announced.
I’m officially inviting the Winklevi twins to my office to explain bitcoin to me. Have to wear the rowing outfits though. — Dave Portnoy (@stoolpresidente)
Will Portnoy’s Potential Crypto Trading Foray Boost BTC?
Because Portnoy’s army of day traders likely have access to purchasing and trading Bitcoin through platforms like Robinhood or CashApp, the barrier to gain exposure to the digital asset is now quite low.
If he does start trading and investing in BTC, it could ignite a new wave of retail adoption for the cryptocurrency. After the Winklevoss twins accepted the invitation, he further added that he wants to “buy all the bitcoins.”Let’s do it. I want to buy all the bitcoins. — Dave Portnoy (@stoolpresidente)Watching how this plays out in the coming weeks will be quite exciting, and Portnoy’s massive – and continuously growing – influence could provide Bitcoin with a serious boost.
Featured image from Unsplash.