Businessman and social media personality Dave Portnoy is a fan of crypto and he just can’t have enough of it.
The founder of the sports and pop culture company Barstool Sports, he frequently discusses his crypto trades, whether successful or not, with his social media followers.
Related: Popular crypto company shuts down as Bitcoin crashes
In 2021, Portnoy admitted to panic selling Bitcoin (BTC) and Ethereum (ETH) when the market crashed.
In July this year, he again admitted to losing millions by exiting XRP two weeks before the cryptocurrency surged by 60%.
Now that the crypto market is crashing, he is again testing his luck.
Within the last 24 hours, more than 154,000 crypto traders have been liquidated and over $440 million has been wiped out.
The total crypto market cap slipped 4.5% in a day to $3.04 trillion at the time of writing.
Bitcoin (BTC) has slipped 4.5% to $89,470.98, Ethereum (ETH) 7.5% to $2,916.40, and XRP 7.5% to $2.05.
The dip has offered a lot of traders an opportunity to enter the market and Portnoy just couldn’t resist. He recently shared with his followers on X that he bought cryptocurrency worth $2 million within an hour on Nov. 17.
XRP: $1 million
BTC: $750,000
ETH: $400,000
“Blood in the streets, Dave’s like a Piranha. Dave’s like a Great White. He’s just shark on fins.”
The move earned praise from Eric Trump, President Donald Trump’s son and co-founder of the Bitcoin mining firm American Bitcoin (Nasdaq: AMBTC). He called it a “smart trade.”
Eric remains unfazed by the crypto market rout and said volatility is a “friend” and an opportunity to buy.
This story was originally reported by TheStreet on Nov 19, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.