Is Softbank Right to Stay Away From Crypto After Son’s $130M Bitcoin Loss?5.4

While Bitcoin (BTC) has always been about improving the world’s financial and political wellbeing, this nascent market isn’t all too kind. Over the course of 2018, retail investors across the board lost their shirts, industry employees were laid off, and crypto’s reputation and presence in the mainstream sadly fell off the map.

But no one entity or investor is likely hurting as much as Masayoshi Son. Reports from mainstream financial news outlets revealed Tuesday that the founder of SoftBank, a multi-faceted Japanese corporate giant, lost over $100 million trying his hand at Bitcoin, uh, investment.

Original source
https://www.newsbtc.com/2019/04/24/billionaire-capitulates-loses-130m-bitcoin-bet/

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