In a stunning financial move, Barstool Sports founder Dave Portnoy has raked in a cool $1 million from President-elect Donald Trump’s new cryptocurrency meme coin, $TRUMP. Portnoy’s investment journey began with a hefty $500,000 bet, driven by a common fear: missing out.
On Sunday morning, Portnoy shared his excitement on social media. “I just woke up. Checked $TRUMP coin. I’m up 200% since I bought it yesterday. Sold it. Made a quick milly,” he posted. His enthusiasm didn’t stop there. He declared plans to wager his newfound wealth on the Buffalo Bills for a shot at even greater profits. “I love Trump’s America! Now I’m back to sleep,” he added, showing his trademark blend of humor and bravado.
Later that day, Portnoy confirmed his bet on the Bills to win the Super Bowl 2025. With the $1 million he earned, he placed a bet at +550 odds, eyeing a potential $5.5 million return. “I made a quick million bucks from 5 PM to like 5 AM,” he said in a video. Portnoy expressed his confidence, stating, “What do you do when you’re plus-a-milly? Let’s go to Buffalo. They are *beep* due.”
Portnoy’s success story is striking, recalling the quintessential American dream. “Tell me something more American than turning 500 grand into $1.5 million,” he exclaimed. The thrill of gambling and the potential for profit drive his enthusiasm.
His decision to invest in the Trump coin stemmed from a simple yet relatable reason: FOMO, or the fear of missing out. “Cause I have [fear of missing out on s–t coins],” Portnoy admitted, highlighting the urgency that often accompanies such investments.
In a twist, Melania Trump joined her husband in the crypto meme coin arena shortly after the announcement. Within hours of its launch, the $TRUMP coin skyrocketed, amassing over $50 billion in profits. This unexpected surge has positioned the Trump family as prominent figures in the crypto world, with Melania’s ventures adding to their growing wealth.
As the hype around cryptocurrencies continues to swirl, Portnoy’s bold moves serve as a reminder of the unpredictable nature of this new financial frontier. One thing is for sure: the world will be watching to see if he can turn his daring bets into even greater success.
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