Barstool's Portnoy plans to hold bitcoin down to zero after timing it wrong every time
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- Portnoy declared on Fox Business' Varney & Co that he will hold bitcoin 'down to zero,' saying 'I'd rather go down with the ship this time' rather than risk another bad-timing sell-off
- Bitcoin peaked above $126,000 in October last year and has since halved to roughly $63,000, according to CoinDesk data cited in the report
- Portnoy acknowledged he is sitting on millions in losses from his $100,000 buy and conceded 'there's nothing I've been wrong about more than Bitcoin'
- Portnoy described a self-identified curse: 'Every time I sell it, it goes nuclear. Every time I buy it, it tanks' — a pattern that has now pushed him into a permanent-hold stance
- Portnoy's exact BTC holdings are not publicly known, and his vow comes as a high-profile retail voice publicly committing to absorb further downside rather than time an exit
Why it matters: Portnoy's public commitment to hold through millions in losses crystallizes the classic retail timing trap: buying tops and being forced to decide between realizing losses or riding out a drawdown. His vow — whether principled or emotional — turns a personal trading loss into a public, irreversible stance as bitcoin sits roughly 50% below its October 2025 peak of $126,000.
