Barstool Sports Founder Company to Buy 10 Million in Bitcoin if Price Falls to 40000

The founder of media giant Barstool Sports, Dave Portnoy, announced on social media that if the price of Bitcoin reaches $40,000, the company will purchase $5-10 million worth of Bitcoin, but not at the $60,000 price. Portnoy added that he personally owns a large amount of Bitcoin, so any potential purchases would be on behalf of the company.

Source link: https://decrypt.co/237597/barstool-sports-buy-millions-bitcoin-dave-portnoy Note: All articles on Bitpush are only the author’s opinion and do not constitute investment advice. Original link: https://www.bitpush.news/articles/6912040 Related news: Everyone says “buying the bottom,” but what is the correct way to “buy the bottom”? [Bitpush Daily Market Dynamics] Market attention shifts to US PCE data, BTC fluctuates sideways A conversation with Lattice Fund co-founder: Why do retail investors always struggle to profit in the crypto market? Grayscale mid-year review and outlook: Optimistic about the Ethereum ecosystem and AI concept tokens When BTC and ETH go their separate ways, 12 industry insiders’ predictions for the future market are as follows