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24 November 2020

SoftBank CEO Sold His Bitcoin for Heavy Loss: It Was 'Distracting' - Decrypt

SoftBank CEO Sold His Bitcoin for Heavy Loss: It Was 'Distracting' - Decrypt


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He ended up doing so in late 2017, an amount that was "about 200 million." After buying the coins, Son quickly discovered how volatile the price of Bitcoin was and began spending at least five minutes every day looking at its price swings.

In the end, his investment was "distracting [his] own focus on [his] own business," Son noted, so he sold the coins in early 2018, losing around $50 million in the process—by his own estimation.

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