SoftBank founder lost $130M on Bitcoin

Re:SoftBank founder lost $130M on Bitcoin by yyyyip on Tuesday April 23, 2019 @08:43AM (#19727994)

Masayoshi seems great at picking market tops and buying into them.

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Re:SoftBank founder lost $130M on Bitcoin by strikelaserclaw on Tuesday April 23, 2019 @10:02AM (#19728653)

either he wins big, or no big deal, the advantages of having money.

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Re:SoftBank founder lost $130M on Bitcoin by baybal2 on Tuesday April 23, 2019 @11:09AM (#19729366)

So far, he lost more money in his funds than he ever made.

But he makes $1B+ a year just from fees.

This is a very twisted idea of "winning big"

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Re:SoftBank founder lost $130M on Bitcoin by onlyrealcuzzo on Tuesday April 23, 2019 @11:11AM (#19729397)

He's not investing. He's laundering money at scale.

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Re:SoftBank founder lost $130M on Bitcoin by wp381640 on Tuesday April 23, 2019 @11:24AM (#19729517)

also laundering reputations - lots of SV companies seem to have no issues with accepting Saudi money if it's via Softbank

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