A recent post by Angry Crypto Show reported that American businessman and media personality Dave Portnoy has made another substantial entry into the digital asset market, adding $1 million worth of XRP and $500,000 worth of Bitcoin to his holdings. According to the tweet, Portnoy described the decision as a deliberate response to current market conditions, stating that sharp declines often present opportunities for buyers willing to act during periods of heightened fear. The tweet emphasized the scale of the transaction and highlighted Portnoy’s view that the ongoing downturn represents a moment for accumulation rather than retreat. The report quickly circulated across the crypto community due to Portnoy’s public profile and his willingness to disclose both his strategy and the exact figures involved. JUST IN: Dave Portnoy buys another $1,000,000 of $XRP and $500,000 of $BTC , says "crypto is crashing, blood in the streets, that's when you buy." pic.twitter.com/nEF9lMpoBO — Angry Crypto Show (@angrycryptoshow) January 30, 2026 Portnoy’s On-Camera Explanation In a video attached to the post, Portnoy explained his reasoning in direct terms. He stated repeatedly that crypto markets were falling and described this environment as the point at which he prefers to buy. Portnoy said he accessed his Kraken account and purchased what he described as another $1 million worth of XRP, clarifying that it was an addition to an existing position. He also disclosed buying $500,000 of Bitcoin at $82,000. Portnoy went on to describe short-term price movements following the purchase. He noted that XRP moved from around 1.79 to approximately 1.74 shortly after his buy, a development he acknowledged was not ideal. Despite this, he said he retained additional capital and expressed readiness to continue adding to his positions if prices continued to fall. His remarks suggested a willingness to tolerate volatility in pursuit of longer-term positioning. Positioning as a Risk-Taking Investor The tone of Portnoy’s remarks solidified his position as a contrarian investor who regards abrupt sell-offs as potential entry points. He emphasized the importance of having capital and deploying it incrementally during downturns, rather than concentrating on immediate price reactions. The video emphasized his conviction that investors willing to endure additional losses should not refrain from investing solely due to declining prices. This method is consistent with a general philosophy that is frequently associated with risk-tolerant market participants who prioritize accumulation during periods of pessimism, even when short-term outcomes remain uncertain. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market Reaction and Commentary The post also included a response from BFM Times, which characterized Portnoy’s move as a classic contrarian stance. The outlet noted that when overall sentiment becomes deeply negative, long-term participants often begin to step in, while also cautioning that accurately identifying market bottoms remains difficult. The comment placed Portnoy’s actions within a wider context of investor behavior during market stress, highlighting both the rationale and the risks associated with such timing-based decisions. Together, the tweet, video, and commentary present a clear picture of Portnoy’s current outlook: a willingness to commit significant capital to XRP and Bitcoin during a period of market weakness, based on the idea that sell-offs caused by fear might create opportunities rather than stopping them. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Dave Portnoy Buys another $1 Million XRP, Reveals When to Buy More appeared first on Times Tabloid .
