The Barstool Sports chief took 'a big portion' of his sponsorship deal with the crypto exchange Kraken in BTC, showing his willingness to accept bitcoin as payment.
Despite its current high price, Portnoy believes in bitcoin and is open to receiving it as payment, contrasting his hesitance in buying large quantities at the current levels.
Bitcoin is often viewed as a good investment by everyday investors like Portnoy, rather than a mainstream form of money.
Portnoy is optimistic about bitcoin's potential if Donald Trump wins the U.S. presidential election but acknowledges his track record of being often wrong in predictions.
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