The Japanese billionaire and the founder of the multinational conglomerate SoftBank Group Masayoshi Son reportedly lost more than $ 130 million because of its investment in Bitcoin. He reported on the Wall Street Journal as part of his article published on April 23rd.

Masayoshi Son invested in Bitcoin on the recommendation of Petr Briger, Co-Chairman of the Fortress Investment Group. The company started investing in Bitcoin as early as 2013, and when SoftBank bought it in February 2017, BTC had a value of more than $ 15 million. The problem, however, was that Son himself decided to invest in Bitcoin only when the value of the BTC was close to $ 20,000 and then proceeded to sell it at the beginning of 2018 when it fell significantly.

Bloomberg estimates that Masayoshi's net asset value is $ 18.8 billion, noting that it only increased by 54% in 2018. Therefore, the unsuccessful investment in Bitcoin was not waving with the psyche of this Japanese billionaire. The annual turnover of the SoftBank Group, which has been developing a mobile payment service with blockchain support since 2018, is $ 6.3 billion.

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