Dave Portnoy, the outspoken founder of Barstool Sports, has made headlines again by loading up on crypto during a market dip. According to a post from Bullrunners on X, he recently bought $1 million in XRP, as well as $750,000 in Bitcoin and $400,000 in Ethereum.
A Calculated Dive into the Dip
Portnoy’s move reflects a deliberate accumulation strategy rather than a spur-of-the-moment gamble. As reported by Bullrunners, he injected a total of $2.15 million into the three largest crypto assets during the recent decline. He likened his approach to a predator striking at opportunity: “When there’s blood in the streets, I’m like a Great White Shark,” he said.
This isn’t the first time Portnoy has bought into XRP during weakness. Earlier in 2025, he added another $1 million during a pullback, signaling that he views these moments as entry opportunities rather than missteps.
🚨Dave Portnoy says he bought the dip — scooping up $1,000,000 in XRP, $750,000 in Bitcoin, and $400,000 in Ethereum.#XRP #XRPCommunity pic.twitter.com/ZUMF1ndS2z
— BULLRUNNERS (@BullrunnersHQ) November 18, 2025
Portnoy’s Crypto Journey: From FOMO to Big Bets
Portnoy first publicly embraced Bitcoin in 2020, after a visit from the Winklevoss twins. Over time, he expanded his holdings to include XRP, calling it his “10x bet” given its potential for outsized returns. In December 2024, he disclosed having $1.3 million in XRP and $1.5 million in Bitcoin, describing his style as “bet it and set it, not trading.”
Yet, his history with XRP is not without regret. In mid‑2025, he sold a large portion of his XRP at around $2.40, only to see it rally sharply afterward. He later admitted in a video that the decision made him emotional — “I would’ve made millions … I want to cry.”
Why XRP, Again?
His latest commitment to XRP suggests that Portnoy believes in its long-term potential, even amid regulatory risks and price volatility. Ripple’s ongoing legal battles and developing use cases may offer the kind of asymmetric payoff he seems to favor.
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Moreover, Portnoy appears to be doubling down on his core strategy: buy on weakness and hold. He has publicly embraced a “HODL” mindset, especially during market stress.
Reflection and Risk
Critics argue that Portnoy’s style is part showmanship, part high-stakes gamble. He has admitted to emotional decisions, like his XRP exit, and even called himself “always late to these runs.” Yet, his willingness to re-enter the market shows conviction — or at least a willingness to bet big on his own convictions.
For Portnoy, this is more than just a meme — it is a serious wager. Whether he’s proven prescient or reckless will depend on where the markets go next. But one thing is clear: he’s not just watching from the sidelines.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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