SoftBank CEO Masayoshi Son expressed a less-than-optimistic attitude about the future of the world’s most popular cryptocurrency.
According to the Bloomberg , when asked about the increasing number of companies investing in Bitcoin, billionaire Masayoshi Son – founder of SoftBank Group – expressed hesitation.
“There’s been a lot of discussion around whether investing in Bitcoin is ultimately good or bad, what is the real value of Bitcoin, or is it actually just a bubble. Honestly, I don’t know,” Mr. Son said. said at SoftBank’s earnings press conference. Even so, the Japanese investment billionaire said that adding the popularity of cryptocurrencies has made Bitcoin an “unforgettable” platform, like diamonds or bonds. “It’s not necessarily anti-crypto. We’ve had such internal discussions,” he added. 
Billionaire Masayoshi Son – founder of SoftBank. Photo: Bloomberg. Over time, more and more big companies like Tesla, Square and Nexon are turning to buying Bitcoin. Many firms started accepting cryptocurrencies as a form of payment to promote the development of cryptocurrencies. However, recently, billionaire Elon Musk’s electric car company Tesla suddenly “turned away” from Bitcoin when it announced that it would stop accepting Bitcoin payments when buying cars. Immediately, the price of the world’s largest cryptocurrency by market capitalization plunged 5% just minutes after Musk’s announcement. According to the Coindesk , Bitcoin price currently fluctuates at 49,976 USD/dong, down 12.61% compared to 24 hours ago. The market capitalization of Bitcoin also dropped to $937 billion. Also in the press conference, SoftBank CEO revealed that he is holding many stocks with high liquidity such as Amazon, Microsoft and Facebook. He said such an investment decision will help the company hold the edge, ready for future investment opportunities.
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