Tuesday, April 23, 2019

Japan’s Second-Richest Man Bet Massively on Bitcoin. He Lost $130 Million

By CCN.com: Japanese billionaire Masayoshi Son made a huge bet on bitcoin at the top of the market. And lost. The SoftBank Founder reportedly cut a loss of $130 million of his own money by mis-timing the historic cryptocurrency bubble in late 2017. It is not known exactly how much Masayoshi Son, worth an estimated $24 billion, poured into bitcoin. But he appears to have bought in late 2017 as the bitcoin price approached a record high of $20,000. He sold early in 2018 as the price collapsed, taking a $130 million loss. Buying the Top of the Bitcoin Bubble

The post Japan’s Second-Richest Man Bet Massively on Bitcoin. He Lost $130 Million appeared first on CCN



source https://www.ccn.com/japans-second-richest-man-lost-130-million-bitcoin

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