Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits.
"I'm up 100 grand in Bitcoin — in a week," he said, noting positions in Ethereum and other crypto assets as part of an Aug. 17 video posted on Twitter. "I'm up like $98,000 in Bitcoin — not bad," he added. "At this rate, I'll make like a million dollars a month in Bitcoin."
Portnoy has made a name for himself in 2020 as a popular live-streaming stock trader on Twitter, calling himself Davey Day Trader.
The comedic investor statedly dabbled in the crypto space in 2017, although he admittedly knew little about the industry until his requested educational visit from Gemini exchange founders Cameron and Tyler Winklevoss came to fruition. During the visit, Portnoy said he put $250,000 into a crypto trading account.
Portnoy even picked up crypto company BlockFi as a new sponsor, noted in his Aug. 17 video. In the same video, he crowned himself the king of "Bitchain," accidentally combining multiple terms in reference to Bitcoin, before comedically shrugging off the error in true Portnoy fashion.