‘What If XRP Is The Next Bitcoin?’ Says Dave | XRP News
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Dave Portnoy, the outspoken founder of Barstool Sports, used his debut look at CoinDesk’s Consensus 2025 to coach the convention highlight XRP. Speaking on the Metro Toronto Convention Centre mainstage, Portnoy acknowledged that he purchased the token for one motive solely: worry of lacking out.
Joined on-stage by media strategist Sam Ewan, Portnoy opened with gentle banter about Toronto pizza—“North of Brooklyn still is, I would say, my favorite,” he insisted, giving “shout-out Bill the Greek, who’s like my chaperone for Toronto”—earlier than turning to the market that drew hundreds to Consensus.
Pressed on whether or not the present cycle is dominated by so-called meme cash, Portnoy cut to the chase. “Even Bitcoin is, frankly, a memecoin,” he mentioned. The comment set the tone for a dialogue that oscillated between portfolio confessions and cultural critique.
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When Ewan tried to pinpoint Portnoy’s boldest wager, the 47-year-old rattled off winners the way in which others recall birthdays: Axon stock at roughly $200 (now about $700, he famous), Michigan’s Rose Bowl triumph, and Scottie Scheffler capturing the Masters. Yet he referred to as these victories “two different things” from the moment, couch-bound gratification of watching a line of inexperienced candles. “There’s something about it when you place a bet, you see Bitcoin go up, you see XRP go up, and you’re just sitting on your couch—‘I made that money not working.’ That’s a great feeling,” he admitted.
Why XRP, Not Bitcoin
Portnoy’s self-diagnosed FOMO emerged in sharper reduction because the dialog turned to real estate. He recalled smashing his fist on a desk after being outbid on a Miami condo by “a crypto bro” who “heard about Bitcoin when it was, I don’t know, eight bucks, seven bucks.” The episode, he mentioned, crystallised the nervousness of lacking an uneven commerce: “I’ve slaved for twenty years and he just out-bid me.”
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That similar impulse, Portnoy confessed, now drives his place in XRP. “It’s what—two bucks forty cents or something like that? What if that’s the next Bitcoin?” he mentioned, emphasising that his allocation displays a speculative itch fairly than a thesis about Ripple’s technology or tokenomics. “It’s FOMO. It’s not like I have some grand belief in it.”
In maybe the panel’s most revealing anecdote, Portnoy traced his fraught historical past with Bitcoin to a probability encounter: “I bought Bitcoin the first time for around $10,000 … the Winklevoss twins were staying next door to me at a hotel and they came and explained what Bitcoin was. It was the dumbest explanation I’d ever heard, and I sold it all right there.”
The forfeited place—“about $2 million”—would have dwarfed each different win in his profession, he conceded, underscoring the emotional swing between conviction and capitulation that defines many retail journeys via crypto’s boom-and-bust cycles.
At press time, XRP traded at $2.40.
Featured image from YouTube, chart from TradingView.com
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