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Media Personality Dave Portnoy Reveals Why He Invests in XRP, Asks What if XRP is Next Bitcoin
Media Personality Dave Portnoy Reveals Why He Invests in XRP, Asks What if XRP is Next Bitcoin
May 16, 2025
Widely followed media personality Dave Portnoy, founder of DDTG Global, has publicly shared why he’s bullish on XRP. According to him, his interest in XRP is largely due to FOMO, which he considers the good kind. He likens XRP’s potential to that of Bitcoin. Notably, Portnoy shared this perspective during his recent appearance at the 2025 edition of CoinDesk’s Consensus conference.
Portnoy: “I Like Making Money Without Working”
During his session, the media personality discussed the growing overlap between crypto and sports betting. He noted how both appeal to risk-tolerant individuals chasing quick wins.
“There’s something about placing a bet, seeing Bitcoin or XRP go up, and just sitting on your couch like, ‘I made that money not working,’” he said. “That’s a great feeling.” He connected this appeal to a broader cultural change, where more people, especially the young, are embracing financial risk-taking as a form of empowerment, excitement, and aspiration.
The FOMO Factor Behind XRP
Portnoy openly admitted that his decision to hold XRP is more of the fear of missing out than a deep belief in its fundamentals. With Bitcoin now seen as a more mature asset that generates less retail FOMO, he sees XRP as one of the few remaining tokens that still carries underdog appeal. He confirmed that its relatively low price and the potential to replicate Bitcoin’s meteoric rise are what attracted him.
“I don’t know if there’s as much FOMO in Bitcoin now; it’s so established. But that’s why I’m in XRP. It’s FOMO,” he explained. “It’s just $2.40. What if that’s the next Bitcoin?” Like many retail investors, Portnoy views XRP as a speculative play, an opportunity that might turn into something big if momentum and market conditions align.
“Crypto Bro Outbid Me in Miami”
In a moment of personal reflection, Portnoy recounted an experience that confirmed his view of crypto’s disruptive power and his hope for XRP. He explained that while trying to purchase an apartment in Miami years ago, he was ultimately outbid by someone heavily invested in cryptocurrency, a so-called “crypto bro.”
From Portnoy’s perspective, this individual likely got into Bitcoin early, when one BTC was around $8. Portnoy reflected on the two decades he had spent working hard, only to be overtaken financially by someone who had profited from a much newer, unconventional path.
“He probably got into Bitcoin when it was like eight bucks. I’ve slaved for 20 years, and he just outbid me.” The experience left him with a sense of how disruptive and real the power of crypto wealth has become. While Bitcoin has matured and reached a market cap of over $2 trillion, Portnoy sees a similar path for XRP, hence his endorsement.
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