Greed

Bitcoin

Tesla

Elon Musk

American businessman and social media personality <a href="https://www.thestreet.com/crypto/markets/dave-portnoy-makes-bold-call-as-bitcoin-xrp-crash" rel="noopener noreferrer nofollow">Dave Portnoy</a>&nbsp;doesn't shy away from sharing his blunt views on the twists and turns of the crypto markets.
The millionaire can't keep calm regardless of whether the digital asset market crashes or rallies.
<a href="https://www.thestreet.com/crypto/markets/economist-who-predicted-2008-recession-makes-surprising-investment" rel="noopener noreferrer nofollow">Related: Economist who predicted 2008 recession walks back his biggest conviction</a>
Last year, the Barstool Sports founder <a href="https://www.thestreet.com/crypto/markets/dave-portnoy-sold-xrp-too-soon-now-he-wants-to-cry" rel="noopener noreferrer nofollow">said</a> he wanted to cry when he admitted to exiting <a href="https://thestreet.com/crypto/xrp" rel="noopener noreferrer nofollow">XRP</a> earlier as the cryptocurrency's price surged.
Earlier this month, he <a href="https://www.thestreet.com/crypto/markets/dave-portnoy-makes-bold-call-as-bitcoin-xrp-crash" rel="noopener noreferrer nofollow">said</a> he will not sell his crypto holdings despite suffering losses worth millions of dollars.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
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</ul>
<h2 id="portnoy-reacts-to-bitcoin-crashing-below-60k">Portnoy reacts to Bitcoin crashing below $60K&nbsp;</h2>
Bitcoin (BTC) crashed below $60,000 on June 24&nbsp;as a broader risk-off mood swept across financial markets.
The sentiment is extremely bearish right now as CoinGlass's Crypto Fear &amp; Greed Index <a href="https://www.coinglass.com/pro/i/FearGreedIndex" rel="noopener noreferrer nofollow">fell</a> firmly into the "extreme fear" territory.
Reacting to the Bitcoin crash, Portnoy <a href="https://x.com/stoolpresidente/status/2069833701966393770" rel="noopener noreferrer nofollow">challenged</a> the maximalists who have been predicting that the cryptocurrency will surge to $1 million to tell him why those calling it a "scam" are wrong.
<blockquote>
 "Cause it seems like it’s going to zero," he remarked.
</blockquote>
Twitter co-founder <a href="https://www.thestreet.com/crypto/markets/jack-dorsey-predicts-bitcoin-will-hit-1-million-by-2030-but-how-realistic-is-that" rel="noopener noreferrer nofollow">Jack Dorsey</a>&nbsp;and ARK Invest CEO <a href="https://www.thestreet.com/crypto/markets/cathie-wood-predicts-bitcoin-to-1-25-million-as-supply-vanishes" rel="noopener noreferrer nofollow">Cathie Wood</a>&nbsp;are among the public figures who have predicted $1 million target.&nbsp;Strategy (Nasdaq: MSTR) co-founder <a href="https://x.com/Bitcoin_Teddy/status/2035620996485681254" rel="noopener noreferrer nofollow">Michael Saylor</a>&nbsp;has even predicted that the cryptocurrency will surge to $10 million, thanks to his company's aggressive accumulation.
Billionaire <a href="https://www.thestreet.com/crypto/markets/billionaire-mark-cuban-mavericks-face-fresh-appeal-in-class-action-suit" rel="noopener noreferrer nofollow">Mark Cuban</a>, who remained a believer for years, last month <a href="https://www.thestreet.com/crypto/markets/mark-cuban-says-bitcoin-has-lost-the-plot" rel="noopener noreferrer nofollow">claimed</a> that&nbsp;Bitcoin "has lost the plot" and admitted to selling most of his holdings in the asset.
<a href="https://www.thestreet.com/crypto/markets/analyst-sends-blunt-message-on-elon-musks-bitcoin-ties" rel="noopener noreferrer nofollow">Elon Musk</a> reportedly <a href="https://www.thestreet.com/crypto/markets/elon-musk-reportedly-labels-most-cryptocurrencies-as-scams" rel="noopener noreferrer nofollow">said</a>&nbsp;during a court hearing in April&nbsp;that though some cryptocurrencies have merit, most are "scam." His companies, Tesla and SpaceX (Nasdaq: SPCX), <a href="https://www.thestreet.com/crypto/markets/veteran-investor-ties-bitcoin-selloff-to-spacex-anthropic-ipos" rel="noopener noreferrer nofollow">hold</a> Bitcoin on their balance sheets though.
<blockquote class="twitter-tweet">
 By the way I’m holding all the way to zero. I was born with diamond hands. I’ll die with diamond hands. <a href="https://x.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a><a href="https://t.co/fXxURUkr2l" rel="noopener noreferrer nofollow">https://t.co/fXxURUkr2l</a>— Dave Portnoy (@stoolpresidente) <a href="https://x.com/stoolpresidente/status/2069852096061485254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 24, 2026</a>
</blockquote>
Even if Bitcoin crashes to zero,&nbsp;Portnoy&nbsp;<a href="https://x.com/stoolpresidente/status/2069852096061485254" rel="noopener noreferrer nofollow">doubled down</a> on his earlier stance of holding it.
<blockquote>
 "I was born with diamond hands. I’ll die with diamond hands," he said.
</blockquote>
<figure><a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow"></a>
 <figcaption>BTC/USD, Source: <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">Decibel</a>
 </figcaption>
</figure>
Bitcoin was exchanging hands at $61,035 at press time, <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">as per Decibel</a>.
<a href="https://www.thestreet.com/crypto/markets/wall-street-giant-delivers-blunt-verdict-on-bitcoins-sell-off" rel="noopener noreferrer nofollow">Related: Wall Street giant delivers blunt verdict on Bitcoin's sell-off</a>

Dave Portnoy just challenged every Bitcoin bull

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