Popular Twitter character Dave Portnoy, well-known for his motto “stocks only go up,” now needs to find out about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss.
In a Twitter clip extracted from his newest day by day present on August 4, Portnoy tells the Winklevoss twins he’d like them to “explain Bitcoin in a way that I would understand,” he stated.
Portnoy confused that he needs them to are available in “their little rowing outfits,” in a reference to the film The Social Network, the place they have been proven competing in Harvard’s rowing group.
Both Tyler and Cameron accepted the invite shortly after.
Bitcoin in the ether
Portnoy recounted how he as soon as purchased BTC in “that original Bitcoin age” however misplaced all entry to it. “I’ve spent 20 grand, it’s just sitting in the ether,” he lamented in what appeared to be an unintentional pun.
He stated that he doesn’t know the way to purchase Bitcoin or how to preserve self custody of the asset as soon as acquired, which is why he needs the Winklevoss twins to come and clarify it to him. He additionally revealed in passing that he had already talked to them about this, however “they wanted a free ad.” Portnoy on the different hand needs “to get rich” by studying about it.
A viewer seems to have advised he buys Chainlink (LINK) as effectively, although he instantly replied “I don’t know how, I’ve already explained.”
An irreverent persona
Portnoy is the founding father of Barstool Sports, a sports activities information web site. Since the coronavirus lockdowns, he has immersed himself in the world of day by day inventory buying and selling, reportedly to make up for the closure of sports activities betting.
He makes day by day movies about his fortunes and misfortunes in the inventory market, famously saying phrases like “stocks only go up” or “I have as much experience as Joe Dick Tom Warren Buffet.”
He reportedly impressed his followers to enter the inventory market by means of retail platforms like Robinhood, although he’s identified for utilizing E*Trade.
Portnoy and the Davey Day Trader persona are thought of the poster little one of irrational exuberance that led to occasions like Hertz’s post-bankruptcy rally or Dogecoin’s TikTok-fueled Rally.
The sudden curiosity in Bitcoin may very well be due to plunging income in the inventory market, as the newest rally is primarily led by a number of very massive shares like Apple, Facebook and Microsoft. Earlier in the Tuesday present, he complained of a $40,000 loss on Shopify.
While the newest occasions might lead to publicity for Bitcoin amongst inventory merchants who comply with Portnoy, the curiosity is unlikely to last more than the present rally.