Dave Portnoy reveals he is losing millions in brutal Bitcoin crash ⁠76%

By Arabella Bennett⁠97%

7/3/2026, 11:00:08 AM

BS Summary: This article contains 23 faulty reasoning types, including Confirmation Bias, Loss Aversion, and Post Hoc (False Cause), with Anecdotal as the most egregious example at 27.3% saturation with 102 hits. Analysis detected 795 faulty-reasoning hits from 374 analyzed words, generating a BS Score of 68% and a BS Rank of ⁠76% (5,260 of 21,886 articles). This article is worse (more manipulative) than 76.00% of the article peer group.

Dave Portnoy says his latest Bitcoin investment has become an expensive lesson in timing, with the Barstool Sports founder revealing he is down millions but still has no plans to sell despite the cryptocurrency's sharp decline. 
Barstool Sports founder and President Dave Portnoy joined FOX Business' Stuart Varney on "Varney & Co." to discuss politics, sports and cryptocurrency, where he acknowledged buying Bitcoin near its recent highs and explained why he is continuing to hold the asset through the downturn. 
"Yeah, I got regrets, I bought the thing at $100,000," Portnoy said. 
"There's nothing I've been wrong about more than Bitcoin. 
Every time I sell it, it goes nuclear. 
Every time I buy it, it tanks." 
Even with the losses piling up, Portnoy said he is staying invested because he believes history has repeatedly worked against him whenever he exits the market. 
"I'm holding, I'll hold this thing down to zero," he said. 
"I'm losing millions to it," he continued, while acknowledging that selling now would likely mean watching it rebound without him. 
GOP LAWMAKER UNVEILS BILL TO CODIFY A STRATEGIC BITCOIN RESERVE 
Portnoy expanded on his complicated history with Bitcoin during a recent appearance on Anthony Pompliano's "The Pomp Podcast." 
He recalled first buying roughly $2 million worth of Bitcoin when it traded around $11,000 after a conversation with Cameron and Tyler Winklevoss, only to sell almost immediately because he did not understand their long-term thesis. 
Looking back, Portnoy said the decision proved costly as Bitcoin quickly surged, eventually convincing him to re-enter the market at much higher prices. 
On the podcast, Portnoy said he still struggles to predict the cryptocurrency's moves despite years of following it closely. 
"I don't know what the hell's going on with it," he said when discussing where Bitcoin could go next, adding that he intends to keep holding his position even if it continues to fall. 
TRUMP FINANCIAL DISCLOSURE REVEALS MORE THAN $1B IN CRYPTO INCOME DURING FIRST YEAR BACK IN OFFICE 
Portnoy's comments underscore the volatility that continues to define the cryptocurrency market, even for high-profile investors who have experienced both significant gains and steep losses. 
GET FOX BUSINESS ON THE GO BY CLICKING HERE 
Article reasoning-pattern comparisonThis article: 24.1%Arabella Bennett: 8.6%FoxBusiness: 4.4%Confirmation Bias24.1%This article: 3.2%Arabella Bennett: 2.5%FoxBusiness: 3.4%Anchoring Bias3.2%This article: 0.0%Arabella Bennett: 5.6%FoxBusiness: 4.1%Availability Heuristic0.0%This article: 6.7%Arabella Bennett: 1.2%FoxBusiness: 1.1%Representativeness Heuristic6.7%This article: 10.2%Arabella Bennett: 1.4%FoxBusiness: 0.7%Hindsight Bias10.2%This article: 5.1%Arabella Bennett: 6.3%FoxBusiness: 3.7%Overconfidence Bias5.1%This article: 2.9%Arabella Bennett: 14.4%FoxBusiness: 12.9%Framing Effect2.9%This article: 24.1%Arabella Bennett: 2.3%FoxBusiness: 1.5%Loss Aversion24.1%This article: 12.0%Arabella Bennett: 1.5%FoxBusiness: 1.1%Status Quo Bias12.0%This article: 9.9%Arabella Bennett: 1.5%FoxBusiness: 0.2%Sunk Cost Effect9.9%This article: 0.0%Arabella Bennett: 14.3%FoxBusiness: 8.8%Optimism Bias0.0%This article: 0.0%Arabella Bennett: 2.7%FoxBusiness: 2.0%Pessimism Bias0.0%This article: 8.0%Arabella Bennett: 7.2%FoxBusiness: 7.9%Negativity Bias8.0%This article: 0.0%Arabella Bennett: 2.4%FoxBusiness: 4.5%Self-Serving Bias0.0%This article: 9.6%Arabella Bennett: 2.2%FoxBusiness: 0.9%Fundamental Attribution Error9.6%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.2%Actor-Observer Bias0.0%This article: 0.0%Arabella Bennett: 0.7%FoxBusiness: 1.7%In-Group Bias0.0%This article: 0.0%Arabella Bennett: 0.8%FoxBusiness: 0.8%Out-Group Homogeneity Bias0.0%This article: 0.0%Arabella Bennett: 2.1%FoxBusiness: 3.8%Halo Effect0.0%This article: 0.0%Arabella Bennett: 0.1%FoxBusiness: 0.1%Horn Effect0.0%This article: 0.0%Arabella Bennett: 0.1%FoxBusiness: 0.0%Dunning-Kruger Effect0.0%This article: 2.1%Arabella Bennett: 2.7%FoxBusiness: 2.3%Recency Bias2.1%This article: 9.6%Arabella Bennett: 0.5%FoxBusiness: 0.4%Primacy Effect9.6%This article: 9.1%Arabella Bennett: 0.1%FoxBusiness: 0.1%Blind-Spot Bias9.1%This article: 0.0%Arabella Bennett: 0.2%FoxBusiness: 0.8%Ad Hominem0.0%This article: 0.0%Arabella Bennett: 0.1%FoxBusiness: 0.4%Straw Man0.0%This article: 0.0%Arabella Bennett: 8.0%FoxBusiness: 7.2%Appeal to Authority0.0%This article: 0.0%Arabella Bennett: 3.0%FoxBusiness: 1.6%False Dilemma0.0%This article: 0.0%Arabella Bennett: 1.0%FoxBusiness: 1.2%Slippery Slope0.0%This article: 0.0%Arabella Bennett: 0.1%FoxBusiness: 0.2%Circular Reasoning0.0%This article: 0.0%Arabella Bennett: 13.0%FoxBusiness: 6.3%Hasty Generalization0.0%This article: 0.0%Arabella Bennett: 0.8%FoxBusiness: 0.8%Red Herring0.0%This article: 0.0%Arabella Bennett: 1.5%FoxBusiness: 1.2%Bandwagon0.0%This article: 0.0%Arabella Bennett: 5.7%FoxBusiness: 6.1%Appeal to Emotion0.0%This article: 0.0%Arabella Bennett: 1.5%FoxBusiness: 1.2%Begging the Question0.0%This article: 17.1%Arabella Bennett: 6.9%FoxBusiness: 4.4%Post Hoc (False Cause)17.1%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.1%Tu Quoque0.0%This article: 0.0%Arabella Bennett: 0.5%FoxBusiness: 0.4%Burden of Proof0.0%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.1%Appeal to Nature0.0%This article: 0.0%Arabella Bennett: 0.4%FoxBusiness: 0.3%Composition/Division0.0%This article: 27.3%Arabella Bennett: 4.1%FoxBusiness: 2.4%Anecdotal27.3%This article: 0.0%Arabella Bennett: 0.2%FoxBusiness: 0.1%No True Scotsman0.0%This article: 5.3%Arabella Bennett: 2.3%FoxBusiness: 1.9%Ambiguity (Equivocation)5.3%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.0%Gambler’s Fallacy0.0%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.1%Middle Ground0.0%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.1%Personal Incredulity0.0%This article: 2.9%Arabella Bennett: 0.0%FoxBusiness: 0.3%Special Pleading2.9%This article: 0.0%Arabella Bennett: 0.0%FoxBusiness: 0.2%Genetic Fallacy0.0%This article: 3.2%Arabella Bennett: 3.7%FoxBusiness: 1.8%Unattributed Quote3.2%This article: 9.1%Arabella Bennett: 3.3%FoxBusiness: 1.4%Quote-first Misdirection9.1%This article: 2.9%Arabella Bennett: 7.1%FoxBusiness: 4.1%Biased Writer Voice2.9%This article: 2.9%Arabella Bennett: 1.6%FoxBusiness: 1.7%Indoctrination2.9%This article: 0.0%Arabella Bennett: 0.1%FoxBusiness: 0.1%Politically Left Leaning Bias0.0%This article: 0.0%Arabella Bennett: 4.5%FoxBusiness: 2.1%Politically Right Leaning Bias0.0%This article: 5.1%Arabella Bennett: 3.5%FoxBusiness: 4.4%Attempt to Sell a Product or S…5.1%

374 words analyzed.

Speakers

1speaker76%attributed speech89writer words
Voice mapSelect a segment to jump to its words
Writer's voice • 11 words • 100.0% coverageDave Portnoy • 36 words • 0.0% coverageDave Portnoy • 44 words • 0.0% coverageDave Portnoy • 12 words • 100.0% coverageDave Portnoy • 9 words • 0.0% coverageDave Portnoy • 8 words • 0.0% coverageDave Portnoy • 7 words • 0.0% coverageDave Portnoy • 26 words • 0.0% coverageDave Portnoy • 11 words • 100.0% coverageDave Portnoy • 20 words • 0.0% coverageWriter's voice • 10 words • 100.0% coverageWriter's voice • 18 words • 0.0% coverageDave Portnoy • 36 words • 0.0% coverageDave Portnoy • 23 words • 0.0% coverageDave Portnoy • 19 words • 0.0% coverageDave Portnoy • 34 words • 100.0% coverageWriter's voice • 16 words • 0.0% coverageWriter's voice • 25 words • 0.0% coverageWriter's voice • 9 words • 100.0% coverage
Selected voice

Dave Portnoy

97%flagged-word coverage
285 attributed words100% of attributed speech62% writer coverage
0%12.5%25.0%Attempt to Sell a Product -21.3 ptsWriter: 21.3%Dave Portnoy: 0.0%0.0%Biased Writer Voice-12.4 ptsWriter: 12.4%Dave Portnoy: 0.0%0.0%Quote-first Misdirection+11.9 ptsWriter: 0.0%Dave Portnoy: 11.9%11.9%Unattributed Quote+4.2 ptsWriter: 0.0%Dave Portnoy: 4.2%4.2%Indoctrination+3.9 ptsWriter: 0.0%Dave Portnoy: 3.9%3.9%

Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.

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Analysis

Hover over highlighted words in the article to view the associated bias or fallacy analysis.