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- Dave Portnoy took some of his Kraken sponsorship payment in BTC.
- Despite past trading mistakes, Portnoy is confident in Bitcoin’s future and willing to accept it as payment.
- Portnoy thinks if Trump wins the next election, Bitcoin’s price will skyrocket.
Dave Portnoy, the founder of Barstool Sports, has decided to accept a chunk of his sponsorship deal with Kraken in Bitcoin.
Reportedly, Dave said that he took “a big portion” of the deal in BTC. Both Dave and Kraken confirmed it, but kept quiet about the exact amount.
Dave’s not new to this game. He’s been in crypto for some time now. “I believe in it enough to accept payments anytime,” he said.
Related: Bitcoin struggles to reclaim $65,000
Back in February, when Kraken started sponsoring his Davey Day Trader Global livestream, he was already on board with taking Bitcoin.
Dave has been quite the character in the crypto community, with some hits and plenty of misses. He first jumped into the market around mid-2020. He went in full throttle, trying to time his trades perfectly. And Spoiler alert? It didn’t always go well.
He bought high and sold low, a rookie mistake that cost him. But despite the bumps, his faith in Bitcoin didn’t budge. But he is not all that interested in investing or even trading anymore.
He has made that very clear. Accepting crypto as payment, he doesn’t have a problem with. “It’s too high for me to buy now,” he said. But Dave is also kind of a Bitcoin maximalist.
Related: BTC miners have no effect on market actions: Glassnode
He has said time and time again that Bitcoin is the only cryptocurrency worth anyone’s time and money. Dave has also said that if the pro-Bitcoin Donald Trump wins the upcoming U.S. presidential election, BTC’s prices will go sky high.
We’ve already seen the influence Trump has on the market. After his failed assassination, BTC surged past $65K for the first time in months. It has since cooled off a little. At press time, it was sitting around $63,400.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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