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Cryptocurrency News Articles
Dave Portnoy Made $1 Million From Donald Trump's New Cryptocurrency Coin
Jan 20, 2025 at 08:34 am
Dave Portnoy has made $1million from Donald Trump's new cryptocurrency coin - and put his winnings on a massive Buffalo Bills bet.
Dave Portnoy has made a quick $1million from Donald Trump's new cryptocurrency coin - and put his winnings on a massive Buffalo Bills bet.
Trump announced his new '$TRUMP' coin on Friday night, which Portnoy purchased at $24.80 a share for a total of $500k.
By Sunday morning, Portnoy revealed that he had already made a 200% return on his investment - netting him a cool $1million.
'I just woke up. Checked $trump coin. I'm up 200% since I bought it yesterday,' he wrote on X. 'Sold it. Made a quick milly. Prob gonna put it on the Bills tonight. I love Trump's America! Now I'm going back to sleep.'
In a video posted shortly after, Portnoy revealed that he was actually betting on the Bills to go the distance and win the Super Bowl at +550 odds, which would net him $5.5million.
He claimed that Josh Allen and Co. are 'f***ing due' to win the franchise its first championship, which will require them to get past the Ravens in the divisional round.
After that, the Chiefs are set to host either Baltimore or Buffalo in the AFC Championship Game.
The Commanders or Eagles will represent the NFC in the Super Bowl after their respective wins on Saturday.
Trump, meanwhile, announced his 'memecoin' on Friday night to his X followers.
'My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!,' he wrote.
'Join my very special Trump Community,' he wrote on X. 'GET YOUR $TRUMP NOW. GO to gettrumpmemes.com — Have fun!'
On Saturday, Portnoy was one of many NFL fans left incensed by the officiating in the Chiefs-Texans game, accusing the referees of 'cheating.'
'The good news is the Texans are dominating and their defense is flying around. The bad news is the refs are cheating and they are losing,' he wrote on X.
Portnoy's post came after a controversial decision to penalize Houston's Will Anderson Jr. for roughing the passer after he hit Mahomes a split-second after he threw a pass in the first half.
The Chiefs ultimately won the game 23-14 to reach their seventh consecutive AFC Championship Game.
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- Bitget Lists TRUMP, the Only Official Trump Meme Coin That Has Captured Global Attention
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