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Dave Portnoy Goes To Crypto, But Now Shilling Altcoins And Pump and Dumps

75% Of India’ Young Population Trades and Holds Cryptocurrency

Dave Portnoy is a rather popular twitter personality, with one of his more popular sayings being that “Stocks only go up.” However, the man has recently shown interest within cryptocurrencies, particularly Bitcoin. He asked the famous Winklevoss twins, the co-founders of Gemini, to explain things to him, and the two accepted shortly after.

Going For The Lower Rungs

Now, however, the founder of Barstool Sports seems to be shilling low-cap altcoins and actively promoting pump and dump schemes for crypto, which was never really a tasteful thing, to begin with.

He posted a number of videos on Twitter, and Portnoy, nicknamed Davey Day Trader, hinted at some new altcoin that he had shown an interest in. However, he refused to disclose the name of the cryptocurrency, stating that he doesn’t want them buying it before he did.

Pump and Dumps All The Way

Later on, he stated that he had diversified his crypto holdings as well, going into an altcoin by the name of Orchid. In his own words, he described the coin as a shitcoin form of OXT, and stated that Orchids themselves never die, which he sees as a win, apparently.

Portnoy even expressed his open interest in crypto pump and dumps. He noted that such an act is encouraged and can apparently be done “all day long.”

Satoshi Flipper stands as a popular crypto influencer known for his analysis, in particular. He warned people to be very cautious when dealing with Portnoy’s words, as it’s clear that the man himself knows very little about cryptocurrencies as a whole.

Winklevoss Twins Maybe Creating A Shill

Quite recently, Davey Day Trade had posted the video of his meeting between Cameron and Tyler Winklevoss, who are both the founders of the Gemini crypto exchange.

The twins explained Bitcoin to Portnoy in such a way that he understood it. They even helped guide him through a few purchases within Gemini itself, making use of $250,00 that he had reportedly sent to the exchange beforehand. Portnoy even asked about the Chainlink (LINK) DeFi token, and the trio discussed the matter with him.

It seems now he’s going full steam ahead with it, in the process. The man already showed his intent of making his very own cryptocurrency, as well, aptly called the Dave Coin. The twins, of course, offered to help the man on the matter at large.

Portnoy seemed to have gone a little crazy with the amount of options laid before him. He’s either going to be done in dirty with his own decisions, or slowly learn the ins and outs of the crypto industry at large.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.