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02 December 2020

Softbank CEO sold Bitcoin at a $130m loss after getting "too distracted"

Softbank CEO sold Bitcoin at a $130m loss after getting "too distracted"


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Softbank CEO sold Bitcoin at a $130m loss after getting "too distracted".

As per a new report byBusiness Insider, the Japanese tycoon booked a staggering $130 million loss on his Bitcoin investment back in 2018 after reportedly buying $200 million worth of the pioneer cryptocurrency?

The tycoon then said he found the investment to be “distracting [his] own focus on [his] own business,” before quickly growing tired of checking the prices of Bitcoin every day.

Meanwhile, while Son is glad to be done with Bitcoin, he said at the conference that digital currencies “aren’t going away anytime soon.” He noted:.

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