Bitcoins ecosystem had witnessed an immense rise since its inception. Factors such as institutional adoption, demand, etc gave way to more bullish scenarios. Despite, BTCs on-going poor run, proponents within the community were buying the dip at a discounted price. Many, who once hated BTC, had dipped their toes in the BTC pond as well.<\/p>\n
Dave Portnoy, founder and CEO of sports and pop culture blog Barstool Sports is currently trending within the crypto community. No, not for a Barstool Pizza Review, but instead a BTC one. The famed celebrity took to Twitter to announce his latest buying spree. Hebought 29.5 bitcoins for $1.1 million on Friday.<\/p>\n
He took advantage of Bitcoins 40% decline from its 10 November all-time-high of $69,000 to jump back into the market. Different Bitcoin renowned proponents praised this move. MicroStrategy chief executive officer Michael Saylor lead the pack of those that did so, tweeted: Welcome back to Team Bitcoin.<\/p>\n
This was indeed an interesting story considering his love-hate relationship with the flagship coin. In August 2020, Portnoy said he did not trust this [Bitcoin] market at all after he lost $25,000 and threatened never [to] come back.<\/p>\n
Although, he did acknowledge the digital asset. He opined: I do think its profitable. I think with enough steam, that it may just continue to go up forever, but I dont buy the underlying junk behind it.<\/p>\n
Fair to say, heregretted the move (to short his BTC position then).<\/p>\n
Now, the aforementioned executive wasnt the only one. Many such individuals had a change of heart. For instance, US Global Investors CEO and once a Gold enthusiast, Frank Holmes saw BTC asan appealing investment<\/p>\n
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Link: Bitcoins ecosystem had witnessed an immense rise since its inception. Factors such as institutional adoption, demand, etc gave way to more bullish scenarios. Despite, BTCs on-going poor run, proponents within the community were buying the dip at a discounted price. Continue reading
\nThis Bitcoin opponent, who swore to never touch it again, buys BTC worth $1.1 million - AMBCrypto News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"