{"id":4790,"date":"2025-05-16T18:13:08","date_gmt":"2025-05-16T18:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/aewhat-if-xrp-is-the-next-bitcoinae-says-dave-portnoy\/"},"modified":"2025-05-16T18:13:08","modified_gmt":"2025-05-16T18:13:08","slug":"aewhat-if-xrp-is-the-next-bitcoinae-says-dave-portnoy","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/aewhat-if-xrp-is-the-next-bitcoinae-says-dave-portnoy\/","title":{"rendered":"\u2018What If XRP Is The Next Bitcoin?\u2019 Says Dave Portnoy"},"content":{"rendered":"

Dave Portnoy, the outspoken founder of Barstool Sports, used his debut appearance at CoinDesk\u2019s Consensus 2025 to train the conference spotlight XRP. Speaking on the Metro Toronto Convention Centre mainstage, Portnoy acknowledged that he bought the token for one reason only: fear of missing out.<\/p>\n

Joined on-stage<\/a> by media strategist Sam Ewan, Portnoy opened with light banter about Toronto pizza\u2014\u201cNorth of Brooklyn still is, I would say, my favorite,\u201d he insisted, giving \u201cshout-out Bill the Greek, who\u2019s like my chaperone for Toronto\u201d\u2014before turning to the market that drew thousands to Consensus.<\/p>\n

Pressed on whether the current cycle is dominated by so-called meme coins, Portnoy cut to the chase. \u201cEven Bitcoin is, frankly, a memecoin,\u201d he said. The remark set the tone for a discussion that oscillated between portfolio confessions and cultural critique.<\/p>\n

When Ewan tried to pinpoint Portnoy\u2019s boldest wager, the 47-year-old rattled off winners the way others recall birthdays: Axon stock at roughly $200 (now about $700, he noted), Michigan\u2019s Rose Bowl triumph, and Scottie Scheffler capturing the Masters. Yet he called those victories \u201ctwo different things\u201d from the instant, couch-bound gratification of watching a line of green candles. \u201cThere\u2019s something about it when you place a bet, you see Bitcoin go up, you see XRP go up, and you\u2019re just sitting on your couch\u2014\u2018I made that money not working.\u2019 That\u2019s a great feeling,\u201d he admitted.<\/p>\n

Why XRP, Not Bitcoin<\/h2>\n

Portnoy\u2019s self-diagnosed FOMO emerged in sharper relief as the conversation turned to real estate. He recalled smashing his fist on a desk after being outbid on a Miami apartment by \u201ca crypto bro\u201d who \u201cheard about Bitcoin when it was, I don\u2019t know, eight bucks, seven bucks.\u201d The episode, he said, crystallised the anxiety of missing an asymmetric trade: \u201cI\u2019ve slaved for twenty years and he just out-bid me.\u201d<\/p>\n

That same impulse, Portnoy confessed, now drives his position<\/a> in XRP. \u201cIt\u2019s what\u2014two bucks forty cents or something like that? What if that\u2019s the next Bitcoin?\u201d he said, emphasising that his allocation reflects a speculative itch rather than a thesis about Ripple\u2019s technology or tokenomics. \u201cIt\u2019s FOMO. It\u2019s not like I have some grand belief in it.\u201d<\/p>\n

In perhaps the panel\u2019s most revealing anecdote, Portnoy traced his fraught history with Bitcoin to a chance encounter: \u201cI bought Bitcoin the first time for around $10,000 \u2026 the Winklevoss twins were staying next door to me at a hotel and they came and explained what Bitcoin was. It was the dumbest explanation I\u2019d ever heard, and I sold it all right there.\u201d<\/p>\n

The forfeited position\u2014\u201cabout $2 million\u201d\u2014would have dwarfed every other win in his career, he conceded, underscoring the emotional swing between conviction and capitulation that defines many retail journeys through crypto\u2019s boom-and-bust cycles.<\/p>\n

At press time, XRP traded at $2.40.<\/p>\n

\"XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

Dave Portnoy, the outspoken founder of Barstool Sports, used his debut appearance at CoinDesk\u2019s Consensus 2025 to train the conference spotlight XRP. Speaking on the Metro Toronto Convention Centre mainstage, Portnoy acknowledged that he bought the token for one reason only: fear of missing out. Joined on-stage by media strategist Sam Ewan, Portnoy opened with…<\/p>\n","protected":false},"author":1,"featured_media":4791,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[56,2493,40,46,47],"class_list":["post-4790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-bitcoin","tag-dave-portoy","tag-xrp","tag-xrp-news","tag-xrp-price"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4790"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4791"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}