Assets, Bitcoin

Does Portnoy Own Bitcoin?

In December 2017, when the price of Bitcoin was at its all-time high, Wall Street trader and hedge fund manager Brian Portnoy bought in. He put 10 percent of his net worth into the cryptocurrency.

“I’m all-in on Bitcoin,” Portnoy said at the time. “I don’t know how much lower it can go from here, but I do know that it will go up from here.”

Portnoy’s bet paid off – for a while. The price of Bitcoin surged to nearly $20,000 in December before tumbling back down to around $3,000 by the end of 2018.

But despite Bitcoin’s wild price swings, Portnoy has stuck with his investment. In fact, he’s even doubled down.

Earlier this year, he revealed that he had put another 5 percent of his net worth into Bitcoin. .

Why? Because Portnoy believes that Bitcoin is the future of money.

NOTE: WARNING: Investing in Bitcoin is a risky venture. Any investment in Bitcoin could potentially lead to significant losses and should be made with extreme caution. This is particularly true for individuals with limited financial knowledge and experience, as the potential for loss is high. When considering whether or not to invest in Bitcoin, it is important to understand the risks involved. Please make sure you have done your research and are aware of all potential risks before deciding whether or not to invest in Bitcoin.

“I truly believe that Bitcoin is to money what the Internet was to information,” he said in a recent video post on Twitter. “It is going to change everything.”

Portnoy is far from alone in his bullishness on Bitcoin. Some of the smartest minds in the investing world – including hedge fund manager Bill Miller and venture capitalist Tim Draper – have also invested heavily in the cryptocurrency.

The reason? They believe that Bitcoin has the potential to become a global currency used by billions of people around the world.

Right now, there are only about 40 million people using Bitcoin. But as more and more people catch on to its potential, that number is sure to grow exponentially.

And as it does, the price of Bitcoin is likely to skyrocket even higher than its current all-time high.

So does Portnoy own Bitcoin? Yes – and he thinks you should too.

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