Portnoy said he purchased bitcoin at $100,000 and now holds a position valued at about $63,062, indicating a loss of roughly $37,000. He told Varney that he intends to keep the asset until it reaches $0 if necessary. He added that selling would cause the price to rise. "I will hold this thing down to zero," he said. He noted that he has missed several market moves because of timing errors. The price of bitcoin peaked above $126,000 in October 2025 before falling to its current level. Portnoy's comments reflect a broader challenge faced by traders in volatile markets, where precise entry and exit timing is difficult. Whether his strategy will align with future price movements remains unclear. He emphasized that avoiding frequent trading and holding the asset may be the most reliable approach.