{"id":32085,"date":"2020-11-20T12:13:43","date_gmt":"2020-11-20T10:13:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32085"},"modified":"2025-08-28T06:56:49","modified_gmt":"2025-08-28T03:56:49","slug":"masayoshi-son-sells-bitcoin-holdings-for-millions-tired-of-watching-price-swings","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/masayoshi-son-sells-bitcoin-holdings-for-millions-tired-of-watching-price-swings\/","title":{"rendered":"Masayoshi Son sells Bitcoin holdings for millions, tired of watching price swings"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">Billionaire and SoftBank chief Masayoshi Son, who lost a large sum on Bitcoin purchases, spoke about investments in cryptocurrency at the DealBook conference.<\/span><!--more--><\/p>\n<p><iframe loading=\\\"lazy\\\" src=\\\"https:\/\/www.youtube.com\/embed\/4KZrOf0lyUA\\\" width=\\\"560\\\" height=\\\"315\\\" frameborder=\\\"0\\\" allowfullscreen=\\\"allowfullscreen\\\"><\/iframe><\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to Son, a friend advised him to invest 1% of his personal assets in Bitcoin. According to <\/span><a href=\\\"https:\/\/www.forbes.com\/profile\/masayoshi-son\/?sh=2cc97ef73818\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\"><span style=\\\"font-weight: 400;\\\">Forbes<\/span><\/a><span style=\\\"font-weight: 400;\\\">, his wealth exceeds $30 billion.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The SoftBank chief said he did not really understand Bitcoin, but nevertheless invested in the cryptocurrency. After investing, Son began to monitor the fluctuations in Bitcoin&#8217;s price daily, which, he claims, quickly tired him. Subsequently he sold the assets.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The billionaire noted that the investments distracted him from his own business.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Son also believes that digital currencies \u201cwill be useful,\u201d but he will focus on other projects.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">As reported by media outlets, the SoftBank chief made a large bet on Bitcoin during its price peak, leading to losses of more than $130 million.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire and SoftBank chief Masayoshi Son, who lost a large sum on Bitcoin purchases, spoke about investments in cryptocurrency at the DealBook conference.<\/p>\n","protected":false},"author":1,"featured_media":32086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,52,1599],"class_list":["post-32085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-investments","tag-softbank"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32085"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32085\/revisions"}],"predecessor-version":[{"id":32087,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32085\/revisions\/32087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32086"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}