Jan 20, 2025 12:32 PM IST
Dave Portnoy invested within the Trump meme coin out of a concern of lacking out. Now, he is banked one million {dollars}, which he intends to wager on a crew for revenue.
Barstool Sports activities founder Dave Portnoy has made a rapid milly, all because of President-elect Donald Trump’s new cryptocurrency meme coin, $TRUMP. The controversial determine initially invested $500,000 within the entity, which he finally bought. Waking up to an enormous revenue, he took to X on Sunday morning, “I simply awoke. Checked $trump coin. I’m up 200% since I purchased it yesterday. Offered it. Made a rapid milly. Prob gonna put it on the Payments tonight. I really like Trump’s America! Now I’m again to sleep.”
Additionally learn | Inauguration weekend: Barack Obama goes solo at non-public dinner amid Michelle Obama divorce rumours
Controversial determine Dave Portnoy banks one million {dollars} by way of Trump’s crypto meme coin
Portnoy later confirmed in a follow-up submit that he ended up betting on the Payments to win Tremendous Bowl 2025 in order that he might probably reel in a heftier revenue. Having gained the $1 million earlier, he positioned the quantity the Payments wager at +550 odds for a $5.5 million revenue. “I made a rapid million bucks from 5 PM to love 5 am,” he mentioned in a video. “I’m up one million, money out. Now I’m plus-a-milly. What do you do whenever you’re plus-a-milly? I’ll inform you what you do. Let’s go Buffalo. They’re f–king due.”
“Inform me one thing extra American than turning 500 grand into $1.5 million — $1 million revenue. Taking that one-milly revenue and placing it on the Buffalo Payments to win their first Tremendous Bowl ever. Effectively that’s what I did.”
Dave Portnoy attributed his preliminary motion of shopping for the Trump crypto coin to the concern of lacking out after the Republican president-elect introduced it on Friday evening. “Trigger I’ve [fear of missing out on s–t coins],” the Barstool Sports activities head wrote on-line.
Additionally learn | Trump Inauguration Day schedule: Have the indoor adjustments affected the line-up? Key occasions, performers and extra
Melania Trump joins Donald within the crypto meme coin enterprise
Following Trump’s announcement, his spouse, Melania, did the identical on Sunday. Regardless of not even present hours in the past, the MAGA chief’s cryptocurrency launch has since revamped $50 billion. The earnings from the coin have solely aided the US politician in gaining the higher hand within the international group of the wealthiest elites. MELANIA’s meme coin enterprise is additional including to the household’s crypto billionaire pool.
Beneficial Matters
