Dave Portnoy, the founder of Barstool Sports, has decided to accept a chunk of his sponsorship deal with Kraken in Bitcoin.
Reportedly, Dave said that he took “a big portion” of the deal in BTC. Both Dave and Kraken confirmed it, but kept quiet about the exact amount.
Dave’s not new to this game. He’s been in crypto for some time now. “I believe in it enough to accept payments anytime,” he said.
Related: Bitcoin struggles to reclaim $65,000
Back in February, when Kraken started sponsoring his Davey Day Trader Global livestream, he was already on board with taking Bitcoin.
Dave has been quite the character in the crypto community, with some hits and plenty of misses. He first jumped into the market around mid-2020. He went in full throttle, trying to time his trades perfectly. And Spoiler alert? It didn’t always go well.
He bought high and sold low, a rookie mistake that cost him. But despite the bumps, his faith in Bitcoin didn’t budge. But he is not all that interested in investing or even trading anymore.
He has made that very clear. Accepting crypto as payment, he doesn’t have a problem with. “It’s too high for me to buy now,” he said. But Dave is also kind of a Bitcoin maximalist.
Related: BTC miners have no effect on market actions: Glassnode
He has said time and time again that Bitcoin is the only cryptocurrency worth anyone’s time and money. Dave has also said that if the pro-Bitcoin Donald Trump wins the upcoming U.S. presidential election, BTC’s prices will go sky high.
We’ve already seen the influence Trump has on the market. After his failed assassination, BTC surged past $65K for the first time in months. It has since cooled off a little. At press time, it was sitting around $63,400.
