Bitcoin 'is here to stay': Dave Portnoy

Bitcoin 'is here to stay': Dave Portnoy




Barstool Sports founder Dave Portnoy discusses the future of the cryptocurrency amid its recent slide and reacts to Los Angeles …

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28 Comments

  1. While bitcoin’s wild <price movements might seem random, they are often driven by the same fundamental catalysts as in the traditional markets. Some claim bitcoin is impervious to shocks that affect global finance; it’s a hedge against things like inflation and a sure bet against tides of uncertainty. Moves within traditional finance can boost or burn bitcoin’s price because they determine how easy it is for financial epicenters like Wall Street to invest in bitcoin..We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 11 btc with 2.1 btc from day trading with Jack Muller's Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish. You can reach Jack on ͲeIєɠɾαm👉JACKMULLER

  2. <BTC was waiting for a spot ETF to get approved to continue the bull run but has been dumping since November with each ETF getting rejected starting with VanEck's on 11/12. This is a perfect time to DCA or begin your crypto journey, IMO. Anything lower than ~40k will be bought up quick..but the market being what it is.I've made over 12 btc with Matthew Brand's Analysis. Looking in growing your portfolio vastly, he's the MAN.

  3. It's a good thing Bitcoin is designed to fail when not used by the masses for its original purpose. But you know Dave Portnoy somehow is a crytpo omni god.

  4. Herbalife has been around for 42 years. Primerica has been around for 45 years. Bitcoin is here to stay. Sure. But it doesn't make it not an MLM pyramid scheme.

  5. Bitcon's value is it's ananonymity. It always has been. If the government starts tracking and taxing it. I say it's worth nothing. Just my opinion. I think the heavy bitcoin holders know that and I expect nothing less for them to say it's here to stay. It's in their best interest. Good luck to them.

  6. No offense to Fox business but can we get some people that actually have a much greater understanding of what block chain technology is doing?

  7. Bitcoin (BTC) is a hollow coin – it has NO intrinsic value
    The 1st transaction for BTC was when the creators of BTC wanted to buy $41 worth of pizza
    and had to fork over 10,000 BTC for it

    Absolutely nothing has changed since trade #1

    ETH has lots of intrinsic value – 5,000+ companies are using it to create new products that will change our world forever.

    BTC is at this rediculous price because drug cartels wash billions of dollars through it
    and of course, it's the preferred currency of ransomware folks….

  8. I agree with you, People who follow my analysis have made over made over 3000% in profit. It’s about following instructions always. I have been talking about SP 500 in my videos for quite some time now. The market has always been volatile and it is in my own opinion that the market will remain favorable if you understand what you are up against. Due to the FED News market is a bit uncertain so we need to wait certain levels to hit in order to open new positions. I have told my followers to take 50% profit here and rebuy when the market gives the opportunity. The 33k support and 40k resistance levels are important to watch for the next action.

  9. Honestly if I had 1million to invest in crypto I’d put it in ETH not BTC. ETH actually has a use to it where as BTC is just viewed as a store of value which u could make the same case for ETH.

  10. Bitcoin is a digital currency…………..it only exists in the digital world………….stroke of a key or a mouse and it disappears like a fart in the wind………you can't go into a store and buy anything…its a farce for rich people to play with

  11. Everyone 70 plus does not understand or have the desire to understand Bitcoin, his characterization being a gambling chip is stupid. Varney trying telling Michael Saylor this and give him time to answer.

  12. I'm really happy for today 😉. I finally got my profit of $330,000 on my crypto investment after feeling so escatic and heavy minded that nothing good can come out of it…a big thanks to Blaine Phillips jr. I learned a lot about buying when there is fear in the market . I use to get shaken out and panic sell but now I buy more when I see the low prices

  13. They will annoy you , disrupt you into eventually using it until ultimately they will get rid of cash. Ultimate technological control over every single aspect of our lives. 1984

  14. <I love the grounded reality of this channel.. TA Is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets…More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market..I have made over 8.2btc from day tradng with Ryan Nead, insights and signals in less than 2 weeks, this is one of the best medium to backup your assets incase it goes bearish..

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