Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon.
The internet personality, who became a popular day trader after the coronavirus pandemic, entered the Bitcoin market on Aug. 14 after meeting with avid billionaire Bitcoin investors Cameron and Tyler Winklevoss. After receiving a quick refresher on what crypto is and how to trade it, Portnoy reportedly bought a significant amount of Bitcoin and Chainlink (LINK).
XBT/USD daily chart. Source: TradingView.com
Unbeknownst to Portnoy, his LINK purchase was near the top of a more than 1000% rally and he was far from pleased when his position registered a loss as LINK price retraced sharply. Shortly thereafter, Portnoy announced that he was leaving the cryptocurrency market. On Aug. 22, he