Dave Portnoy, who is the president of Barstool Sports and a well-known internet personality, recently attended the Consensus 2025 blockchain and crypto event. During the event, he shared his thoughts about Bitcoin, #XRP , and meme coins. He mentioned that he’s especially interested in #XRP right now.
He Lost an Apartment to a Bitcoin Holder
Portnoy talked about a past experience when he tried to buy an apartment in Miami. However, someone else outbid him — a person who had invested in Bitcoin early on, when it was only $7 or $8. Portnoy didn’t say if that person paid for the apartment directly with Bitcoin or sold their Bitcoin to buy it. He jokingly said, “I’ve worked hard for 20 years, and he beat me just because of Bitcoin,” showing how powerful and valuable Bitcoin has become over the years. This also shows how people often feel “FOMO” (fear of missing out) about such big investment opportunities.
He Thinks #XRP Might Be the Next Big Thing
Portnoy said that FOMO affects many people when it comes to new cryptocurrencies — especially meme coins. He thinks that Bitcoin has already become so big and stable that people don’t feel the same FOMO for it anymore. However, he believes XRP is now getting that kind of attention. He admitted that he owns XRP not because he believes deeply in its future, but because he doesn't want to miss out if it grows big.
Since #XRP is currently priced around $2.3 — similar to how Bitcoin was in its early days — Portnoy feels it might have the potential to grow like Bitcoin did.
His History With Crypto
Back in 2020, Portnoy bought Bitcoin and some other cryptocurrencies like LINK after the Winklevoss twins recommended it. But he sold everything quickly when prices dropped. By 2024, his views changed, and he announced that if Bitcoin ever dropped to $40,000, he would use $10 million (from selling his shares in Barstool) to buy more Bitcoin.
Earlier this year, Bitcoin hit a new all-time high of over $109,000, but later dropped below $90,000. About 10 days ago, it went above $100,000 again for the first time since January.
