“I Could’ve Made Millions”: Dave Portnoy Regrets Selling XRP as Price Soars
Dave Portnoy, the founder of Barstool Sports, is furious with himself for selling off the majority of his XRP just weeks before the cryptocurrency hit new highs for the year on Thursday. His remarks were made soon after XRP broke through its annual peak of $3.29 and soared to $3.60. Portnoy regrets selling XRP at $2.40 profoundly.
I would’ve made millions, and I want to cry. I don’t own it anymore, even though I was the leader of the XRP army. I sold XRP when it went up to $2.40 because the guy that told me to buy it told me to sell it because he thought Circle would compete with them and was unhappy with it,
Portnoy
US Lawmakers Pass Key Crypto Bills, Fueling Massive XRP and Bitcoin Rally
According to CoinGlass statistics, throughout the last day, about $68.16 million worth of XRP short positions were liquidated during Thursday’s surge. It was a part of a larger upsurge in the cryptocurrency market that started on July 9 when Bitcoin jumped over its peak of $112,000 in May. But after a string of legislative victories in the US House of Representatives, Thursday was a noteworthy day for the industry.
The Digital Asset Market Clarity (CLARITY) Act, a bill intended to create a cryptocurrency market structure, was approved by MPs in a Thursday session of the House by a vote of 294–134. 308–122 in support of the Anti-CBDC Surveillance State Act, and 219–210 in support of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
Portnoy’s Regret and Pro-Crypto Laws Fuel XRP Bull Run
Bullish optimism has returned to the cryptocurrency market as a result of Portnoy’s public regret and the historic regulatory advancement in the United States. The enactment of the CLARITY, Anti-CBDC, and GENIUS Acts, according to analysts, portends a more advantageous climate for digital assets and may open the door for wider institutional adoption. Investors are now aiming for even higher price goals as market confidence soars after XRP broke through significant resistance levels and traders liquidated short positions at historic levels.
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[…] Dave Portnoy is back in the crypto spotlight, hinting in a recent social media post that he may scoop up another XRP dip. The move comes shortly after Portnoy revealed he had purchased $1 million worth of XRP, along with additional buys of Bitcoin (BTC) and Ethereum (ETH). […]