Portnoy Reveals Why He Sold XRP
Main Idea
Barstool Sports founder Dave Portnoy explains his decision to sell XRP, citing Circle's entry into cross-border transfers as a key reason, while also discussing his crypto holdings and current XRP price trends.
Key Points
1. Dave Portnoy sold his XRP holdings because Circle's new Payments Network (CPN) was entering the cross-border transfer space, which he believed competed with XRP's use case.
2. Portnoy held approximately $3 million worth of XRP before selling it, expressing regret over the decision as XRP's price later rose.
3. XRP's price reached a record high of $3.65 four days prior to the article's publication and was trading at $3.56 at the time.
4. Portnoy mentioned that his investments in Bitcoin (BTC) and Ethereum (ETH) performed well, contrasting with his XRP sale.
Description
Barstool Sports founder Dave Portnoy reveals that a bearish text made him sell XRP tokens before the massive rally
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