Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » People » Dave Portnoy of Barstool Sports Adds BlockFolio as Lead Sponsor

Dave Portnoy of Barstool Sports Adds BlockFolio as Lead Sponsor

by

Crypto trading app BlockFolio is now the lead sponsor of Dave Portnoy’s internet show.

Dave Portnoy of Barstool Sports Adds BlockFolio as Lead Sponsor
Shutterstock cover by Andrei_Diachenko

Key Takeaways

  • Dave Portnoy has partnered with U.S.-based crypto trading app BlockFolio.
  • The internet celebrity said that he "fu*cked" Bitcoin due to weak hands.

Share this article

Famous internet celebrity Dave Portnoy has partnered with Blockfolio, a crypto portfolio tracker app.

Portnoy Endorses BlockFolio

Blockfolio is the newest ad partner featuring on Dave Portnoy’s internet show about day trading. El Presidente said in a Twitter interview that the FTX-owned crypto trading app is their “biggest client ever.” 

The founder of Barstool Sports rose to fame with sports betting analysis and culture blogs in the 2000s. Portnoy began broadcasting as a day trader last year during the pandemic as his 2.2 million Twitter fans sought Portnoy’s market tips. 

In August 2020, Portnoy bought $200,000 Bitcoin after an interview with the Winklevoss twins. At the time, Bitcoin’s price was around above $11,500. In the weeks following his purchase, Bitcoin’s price briefly dropped below $11,000 when the influencer exited his position, fearing a drop. 

He said in a Twitter video on Saturday, “I fu*ked up Bitcoin” because of “paper-hands”—a popular phrase among traders used to signify the weak hands of investors during consolidation periods.

Now that Bitcoin has shot up to a peak above $60,000, Portnoy is finding new ways to earn from the growing industry. 

Previously, he has also avoided Bitcoin due to the complexities of managing a crypto wallet.

Blockfolio is the crypto equivalent of equity trading app Robinhood. Portnoy had blasted Robinhood after it suspended trading of GameStop, Dogecoin, and other select stocks during the Reddit-powered short-squeeze. It seems like Portnoys’ affinity towards crypto is stronger than expected.

Disclosure: The author held Bitcoin at the time of press. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.