Dave Portnoy Reacts to Our Bitcoin Book | Britcoiners by CoinCorner #154

Transcript

Oh, that was a clap to start, Molly. Sorry, I wasn't ready. Want me to go again?

Yeah, okay.

Hey guys, welcome back.

Hey Molly.

Hey, welcome back. Britcoiners, episode 154.

Agenda this week: Dave Portnoy received our book and just shoved it up our ass.

Dave who?

What do you mean 'Who'?

He's Dave-car [Laughter].

Oh, we should have prepped that before.

Yeah, your little suck-up follow-up tweets though. We love you, Dave.

Right, we'll come back to that.

Laser eyes till 100K-it's been replaced. If you know, you know.

I don't know. No, I ticked it because I didn't know. We'll get someone to fill me in.

The infamous Bitcoin landfill hard drive case has been thrown out.

Yeah, saw that.

Mastercard crypto credentials?

Italy's Bally Bank.

Trump has got a crypto council and a crypto ball.

Where else are we? More states in the US introducing bills for a strategic reserve.

And that's it.

And Dave's cool man on that one.

Oh, on that one? What was that?

Oh, Tether moving to Salvador. Tether relocating to Salvador-good move.

Okay, Dave, since you asked before the pod: Bitcoin price-live price was 96.04.

Now that's-yeah, what was it before the last pod?

Last episode price was 101.6.

Okay, and we've hit 89, haven't we, this week?

Up and down, all over the place. 89, bouncing hard off 89 last night.

It's not big percentages, is it? That's the crazy thing-6%. It's just not big movements.

No, that's a chunky movement.

No, from 89 to 96?

Yeah, not compared to back in the day.

Nearer 10.

How was it nearer a 10?

Kind of, I would say nearer 10 than five.

We only just hit eight. Just under 90.

You're literally just breathing on 97, and at 96, you're just increasing-nearly 9.

Close to 100, and we're nearly at 88.

Yeah, it's about 5.5%, something like that.

Nothing, is it, really?

Okay.

We out there for a day-4% for the day, 24 hours?

Yeah, tiny numbers. Tiny numbers.

I'm saying like, it used to be just standard as a percentage years ago.

Yeah, when it's bull market, you're expecting more double-digit movements.

It's what we lived for.

Yeah, really.

Them days were over, are they?

Not-not in November. I-no.

You do see the occasional 10%, but I'm just expecting slow rises.

I don't know why.

I don't feel anything until there's a 10% swing.

You don't?

No.

Side note, Molly-anyway, okay. Shall we kick off with Dave Portnoy?

Yeah.

This was brilliant. What a video. What a video.

So we sent Dave a nice little gift box with some socks, the Bitcoin bottle, and our new book.

For those in the know, but for those who don't know-Molly, who is Dave Portnoy?

El Presidente.

El Presidente?

He is CEO-CEO of Barstool Sports, which is one of the biggest sports betting companies in the US.

US? World, in all fairness.

One of the most genius business moves I think you've ever seen, in terms of him selling his company. Didn't he-was it a year? Two years later?

Was it something like that?

He sold it for 500 million to Penn, bought it back for a dollar or something from them because of deal betting laws changing and stuff like that.

He's also notoriously a bad Bitcoin trader.

He had the Winklevosses come around and give him some advice. So he made a little tweet on that, but the whole industry was like, "That was just bad, bad advice from the Winklevosses."

Not-well, bad description of what Bitcoin is and what it can do.

And then he did-did he coin the phrase "lettuce hands"?

I'm telling people that he made up the phrase "lettuce hands" because he-he sold his-he sold a lot of Bitcoin.

And then also, was he stung by Moon? Did he have a bit of Moon?

Safe Moon. That was it.

The name. He had a lot of Safe Moon. Went to zero. Thing of which one to-whereby.

And they did random picks, didn't they, with the hats?

And then at one point, he thought he had like $40 million worth of Bitcoin, but in fact, he'd sold it or something when he forgot to press buy.

So he thought he was just sitting with fiat in his account.

That was it. So he had just the fiat held there. He thought he had it in Bitcoin. Thought he bought it at $155,000 or something.

And he's had numerous calamities-interactions with Bitcoin-and I presume that's why you guys decided to send him the book?

I didn't know you'd send him one, to be sure.

Yeah. Been a fan for years. Kind of know what he's like. So I know-like, so the note and the gesture was more of a friendly bit of banter as opposed to picking on him in any sense.

And obviously, it's good because he's obviously took it well.

Yeah. I mean, if he didn't like it, he wouldn't actually post about it, would he?

I love the video.

All right, play the video, Mikey.