Dave Portnoy Slams Meme Coins as ’Pure Gambling’

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Dave Portnoy Slams Meme Coins as ’Pure Gambling’—Here’s Why They’re Doomed

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2025-05-15 21:39:14

Dave Portnoy Says Meme Coins Are ’Gambling’ and Not Built to Last

Barstool Sports founder Dave Portnoy just threw gasoline on the crypto culture wars—calling meme coins a ’casino play’ with zero long-term value. His take? These assets are liquidity piñatas for degenerate traders, not the next Bitcoin.

While Dogecoin and Shiba Inu made overnight millionaires (before vaporizing their gains), Portnoy’s rant highlights crypto’s dirty secret: 99% of these projects exist solely to separate retail investors from their money. But hey—at least they’re more entertaining than your average penny stock pump.

Cynical finance jab: Wall Street spends millions lobbying against crypto... while quietly running the exact same Ponzi schemes with extra steps.

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