He stated:
Portnoy acknowledged that prices were already slipping after his purchase, underscoring that his thesis was not tied to immediate upside. “Woke up. It was from $1.79, it was all the way down to $1.74, so I didn’t love that,” he said, adding that continued downside would not alter his approach. Despite the drop, he signaled continued accumulation:
“That thing keeps falling. I’ll keep buying.”
FAQ ⏰ What did Dave Portnoy buy during the crypto crash? Dave Portnoy bought roughly $1 million in XRP and about $500,000 worth of bitcoin during a recent sell-off. At what prices did Portnoy purchase bitcoin and XRP? He bought XRP near $1.79 and bitcoin at approximately $82,000. Why does Portnoy buy crypto during market declines? Portnoy believes heavy sell-offs and fear create attractive buying opportunities. Did prices fall after Portnoy’s crypto purchases? Yes, XRP dipped toward $1.74 shortly after, which Portnoy dismissed as normal volatility.
