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Bitcoin - Japanese Billionaire from SoftBank Lost $130 Millions in the Bitcoin Frenzy Masayoshi Son, founder of Japanese SoftBank has reportedly invested millions in Bitcoin when its price hits an all-time high – however the billionaire is now caught up facing heavy losses since the present price is way lower than that of year end 2017. According to reports, Son has earlier invested in many other investment arena and consequently, with his experience, he has launched the world’s biggest VC fund. However, investment in bitcoin when it was typically peaking with $19k figure, Son has lost over $130 million. Although, he has successful track record of many such investment – his experience might not be fortunate enough in Bitcoin and crypto industry. Son, has reportedly invested in Bitcoin following the repeated recommendation by a ‘bitcoin evangelist’, Peter Briger who is Fortress executive. The reports further highlights that bank had purchased an investment firm from the same person who had once recommended him to invest in Bitcoin. It was first reported by Wall Street Journal and at the moment, SoftBank is unable to reach for further comment or clarification. However, the ruling crypto, Bitcoin, has still in its race to surge back to its exciting value of nearing $20k - accordingly, at the moment, the coin is trading at $5593.39 against one US Dollar. The cryptocurrency has significantly gained 3.55 percent over the past 24 hours. SoftBank CEO comes in a list of investors who lost millions of investment in Bicoin during the time of its peak. Neverthless, if he would have listened to Buffet’s advice (who is far away from the crypto), he would hav savd his $1399 million. Moreover, Buffer earlier warned people on their crypto investment and at the Berkshire Hathaway's annual meeting in 2018, Buffett said that; "Cryptocurrencies will come to bad endings. There's nothing being produced in the way of value from the asset," Buffett said. He further added"It's something where people who are of less-than-stellar character see an opportunity to clip people who were trying to get rich because their neighbor's getting rich buying this stuff neither one of them understands." SoftBank is one among the largest VC firm in the world which has total net asset of over $190 billion – also holding the stake in multiple famous ventures including Nvidia, Uber, WeWork, OneWeb and more. What do you think readers,? Is it the opportunity for SoftBank to understand what exactly Bitcoin is or is it the huge loss of SoftBank CEO? Let us know in the comment below
Bitcoin News
Bitcoin - Japanese Billionaire from SoftBank Lost $130 Millions in the Bitcoin Frenzy Masayoshi Son, founder of Japanese SoftBank has reportedly invested millions in Bitcoin when its price hits an all-time high – however the billionaire is now caught up facing heavy losses since the present price is way lower than that of year end 2017. According to reports, Son has earlier invested in many other investment arena and consequently, with his experience, he has launched the world’s biggest VC fund. However, investment in bitcoin when it was typically peaking with $19k figure, Son has lost over $130 million. Although, he has successful track record of many such investment – his experience might not be fortunate enough in Bitcoin and crypto industry. Son, has reportedly invested in Bitcoin following the repeated recommendation by a ‘bitcoin evangelist’, Peter Briger who is Fortress executive. The reports further highlights that bank had purchased an investment firm from the same person who had once recommended him to invest in Bitcoin. It was first reported by Wall Street Journal and at the moment, SoftBank is unable to reach for further comment or clarification. However, the ruling crypto, Bitcoin, has still in its race to surge back to its exciting value of nearing $20k - accordingly, at the moment, the coin is trading at $5593.39 against one US Dollar. The cryptocurrency has significantly gained 3.55 percent over the past 24 hours. SoftBank CEO comes in a list of investors who lost millions of investment in Bicoin during the time of its peak. Neverthless, if he would have listened to Buffet’s advice (who is far away from the crypto), he would hav savd his $1399 million. Moreover, Buffer earlier warned people on their crypto investment and at the Berkshire Hathaway's annual meeting in 2018, Buffett said that; "Cryptocurrencies will come to bad endings. There's nothing being produced in the way of value from the asset," Buffett said. He further added"It's something where people who are of less-than-stellar character see an opportunity to clip people who were trying to get rich because their neighbor's getting rich buying this stuff neither one of them understands." SoftBank is one among the largest VC firm in the world which has total net asset of over $190 billion – also holding the stake in multiple famous ventures including Nvidia, Uber, WeWork, OneWeb and more. What do you think readers,? Is it the opportunity for SoftBank to understand what exactly Bitcoin is or is it the huge loss of SoftBank CEO? Let us know in the comment below
Bitcoin News

Bitcoin [BTC]: Japanese Billionaire from SoftBank Lost $130 Million in the Bitcoin Frenzy

Masayoshi Son, founder of SoftBank, the Japanese multinational holding conglomerate has reportedly invested millions in Bitcoin when its price hits an all-time high – however, the billionaire is now caught up facing heavy loss since the present price is way lower than that of year-end 2017. According to reports, Son has earlier invested in many other

Masayoshi Son, founder of SoftBank, the Japanese multinational holding conglomerate has reportedly invested millions in Bitcoin when its price hits an all-time high – however, the billionaire is now caught up facing heavy loss since the present price is way lower than that of year-end 2017. According to reports, Son has earlier invested in many other

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Bitcoin
Bitcoin News

Bitcoin [BTC] Breaches $5,500 Mark, Soared by 10% This Week; Bulls are Back?

On April 23, Bitcoin finally broke out above $5,500 to mark its highest record in 2019. At the time of writing, BTC was trading in the green zone at $5,560 with a market cap of $98.1 billion. Here, its trading volume was recorded at $16.2 billion. The highest trading volume of the king coin was

On April 23, Bitcoin finally broke out above $5,500 to mark its highest record in 2019. At the time of writing, BTC was trading in the green zone at $5,560 with a market cap of $98.1 billion. Here, its trading volume was recorded at $16.2 billion. The highest trading volume of the king coin was

Bitcoin Price Prediction
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Bitcoin Price Prediction
Bitcoin News

Bitcoin Price Prediction just got Chopped by Experts, Are we even Hitting 10k?

Bitcoin Price prediction for this year is taking a hit as experts scrap them down. Is BTC even going to hit $10,000 by this year-end and what about this month end? From 100k to 10k, Bitcoin Price Prediction take a Hit Bitcoin hitting almost $20,000 last year raised the hopes of enthusiasts, investors, and experts

Bitcoin Price prediction for this year is taking a hit as experts scrap them down. Is BTC even going to hit $10,000 by this year-end and what about this month end? From 100k to 10k, Bitcoin Price Prediction take a Hit Bitcoin hitting almost $20,000 last year raised the hopes of enthusiasts, investors, and experts

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BTC price
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BTC price Breaches $6,600 But a Drop is Expected to be Imminent

Bitcoin crossed $6,600 level today only to take a dip later on as Bitfinex went offline due to maintenance. Meanwhile, a crypto expert shares the possibility of a coming plunge in prices as Bitcoin breaks resistance level and volatility indicator further shows substantial upwards or downwards movement. Bitfinex went into Maintenance, BTC Price Seemingly Unaffected

Bitcoin crossed $6,600 level today only to take a dip later on as Bitfinex went offline due to maintenance. Meanwhile, a crypto expert shares the possibility of a coming plunge in prices as Bitcoin breaks resistance level and volatility indicator further shows substantial upwards or downwards movement. Bitfinex went into Maintenance, BTC Price Seemingly Unaffected