| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107230.1200000000 |
| ETH | $2434.4760000000 |
| BNB | $648.3796500000 |
| XRP | $2.1846830000 |
| ADA | $0.5633581000 |
| SOL | $150.6610000000 |
| DOGE | $N/A |
| DOT | $3.4152100000 |
| LTC | $86.2774000000 |
| LINK | $13.3266700000 |
Category: CRYPTO NEWS
The post Japan’s Third-Richest Person Just Gave Bitcoin ‘Huge Endorsement’ appeared on BitcoinEthereumNews.com. SoftBank Group has made a $50 million investment into industrial-scale Bitcoin mining company Cipher Mining. Matthew Sigel, head of digital asset research at VanEck, has opined that this is a “https://u.today/alt=”Article Image” huge endorsement”https://u.today/alt=”Article Image” for the diversified Bitcoin/AI model from SoftBank Group CEO Masayoshi Son. “https://u.today/alt=”Article Image” Further evidence that Bitcoin is emerging as the hurdle rate for innovators,”https://u.today/alt=”Article Image” he said. Cipher CEO Tyler Page said that the company was thrilled to welcome the Japanese financial giant as an investor. $160 million Bitcoin loss Son, the third-richest Japanese person, initially invested in Bitcoin at the peak of the 2017 bubble. As reported by U.Today, he ended up losing as much as $160 million after deciding to sell his Bitcoin holdings at a huge loss due to viewing it as a distraction. Obviously, the disastrous Bitcoin bet hardly made a dent in his massive net worth, which currently stands at a whopping $31.3 billion. Related In 2020, he predicted that digital currencies would be “https://u.today/alt=”Article Image” useful,”https://u.today/alt=”Article Image” but he stopped short of singling out a single token. Softbank’s AI bet Earlier this week, it was reported that SoftBank was preparing to make a staggering $25 billion million investment in OpenAI. The terms of the investment are yet to be fleshed out, according to the New York Times. The Japanese behemoth is also part of the $100 billion AI project called Stargate, which was announced in partnership with OpenAI, Oracle, and other major names. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.…
2025-02-01T03:35:10+00:00