BTC is going in a direction that is breaking the convention, and those who were not on board with the idea are second-guessing their decision today. One such incident happened with well-known sports illustrator and blogger Dave Portnoy. Portnoy founded Barstool Sports Blogs more than 17 years ago. Today his net worth is $150 million, which is even greater than the top YouTube influencer PewDePie.
His official Twitter handle @stoolpresidente made an enraging comment on comparing BTC with Penn Gaming stock. After inspiring some controversy, he has recently called on an emergency conference admitting his defeat to BTC and extending his hearty congratulations to all Bitcoin People. It should be noted that Dave invested in BTC last year, amounting to $200K. However, he sold it for a loss shortly after. His BTC holdings would have made him above $1 million as per Viva La Coin’s calculations.
It has reportedly been not a good year for Dave as he also lost $700 K in the recent GameStop mania. The “Paper hand Investor” is still urged by his peeps like Blockstream CSO Samson Mow to buy in on BTC at $61 K and look like a genius in the next ten years. The Penn Gaming stock is currently valued at $130.7 per share, while BTC is currently valued at $61 K per Bitcoin.
Billionaire Club’s Treatment Towards Cryptocurrency
Luke Ellis-CEO of MAN’s Group, is enjoying the perks of his BTC investment. The group was founded in 1783 and works on delivering management excellence to its clients. According to recent reports, Ellis’s BTC holdings have doubled since the date of purchase. However, the highest-paid employee at MAN’s Group does not support the idea of corporations like Tesla, MicroStrategy, and Square to hold on to BTC as a long-term asset allocation play. On the other hand, Ellis supports BTC’s idea like a real currency for service compensation for his company.
Elon Musk has started a bull wave on BTC after mentioning it on his Twitter feed last year. The multi-billionaire is now focusing his attention on a meme cryptocurrency. In a recent tweet, he urged Coinbase to enable Dogecoin trading. Coinbase is currently the biggest public limited crypto exchange company valued at $100 billion. Meanwhile, Dogecoin is the 15th largest cryptocurrency with a current price tag of $0.056. The meme crypto-asset peaked for a while at $0.088 after piggybacking the Gamestop Mania trend.