Barstool’s Portnoy plans to hold bitcoin down to $0 after timing it wrong every time

Barstool Sports founder Dave Portnoy said this week that he will hold his bitcoin BTC$62,755.59 all the way down to zero if necessary, while admitting his struggle with timing the market.

“I’m holding. I’ll hold this thing down to zero,” Portnoy told FOX Business’ Stuart Varney on Varney & Co. “I know if I sell it, it’s going to go nuclear again. I’d rather go down with the ship this time.”

Portnoy said he snapped up bitcoin at $100,000 and is now sitting on millions of losses. BTC peaked above $126,000 in October last year, and has since halved to $63,000, CoinDesk data show.

“Yeah, I got regrets. I bought the thing at $100,000. There’s nothing I’ve been wrong about more than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it tanks,” Portnoy noted. His exact BTC holdings are not publicly known.