Dan Bilzerian’s penchant for automatic weapons, high-stakes poker, fast women and faster cars has made him an unfiltered internet phenomenon.

Now you can add bitcoin BTCUSD, +0.79% to his list.

Bilzerian told his 22.3 million Instagram followers on Wednesday afternoon that he “just bought a sh*tload of bitcoin” and that “it’s so crazy watching that sh*t f**king go up it’s like... betting a bunch of money on the Super Bowl.”

Do you trust this guy’s judgment?

Bilzerian, of course, knows all about betting a bunch of money. He once claimed he won $50 million over the course of a year playing poker.

He also said that he flipped a coin for $2.3 million and lost.

So, yes, bitcoin sounds about right, considering the cryptocurrency’s volatility. On Thursday, bitcoin rallied to yet another record high and has now jumped almost 50% in the last week alone. Since last year, bitcoin has surged more than 400%.

As you can see, however, Bilzerian’s endorsement didn’t exactly thrill many of the investors frequenting Reddit’s bitcoin group:

“If that’s not a sign of a bubble idk what is lol.”

“NORMIES INCOMING!”

“F**k I just sold some because of this, not even joking.”

Does Bilzerian’s post, indeed, mark a potential top for bitcoin, like a cabdriver tipping you off about the next hot semiconductor stock?

Read:Three reasons to fear the coming crash in bitcoin.

Who knows, but he has backed a winning long shot before.