Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.
https://www.marketwatch.com/story/softbank-founder-masayoshi-son-reportedly-lost-130-million-of-his-personal-fortune-with-bitcoin-2019-04-23
Buy high, sell low happens also to the super rich
Who cares? I bet that money is just a few dollars for them. This is not suppose to be a big deal because if he did not sell it then he still have not lose anything and its value just dropped much smaller. And this also proves that being super rich does not make your investments always succeed.
The question here is that on how much money he do bet or simply invest when the market is booming up? Just wondering how these big tycoons
tried to risk up investments when the market is hyping.