‘What If XRP Is The Next Bitcoin?’ Says Dave Portnoy
Dave Portnoy, founder of Barstool Sports, discussed XRP at CoinDesk’s Consensus 2025, admitting he bought the token out of fear of missing out (FOMO). He described the current market as influenced by meme coins, stating even Bitcoin fits that category. Portnoy shared his past successful bets, contrasting them with the instant gratification of cryptocurrency trading. He recounted a frustrating experience of being outbid on a Miami apartment by a crypto investor, which intensified his FOMO regarding XRP. Portnoy's investment in XRP is driven by speculation rather than belief in Ripple's technology. He also reflected on a previous Bitcoin investment that he sold after a poor explanation from the Winklevoss twins, which he now regrets, noting it could have been worth $2 million. At the time of the discussion, XRP was priced at $2.40.
