Softbank is Buying Bitcoin Again, After $ 130m Loss in 2018. Is this Time Different?

For some, The Softbank Group – Hoch Has $ 308.7 Billion Assets Under Management – Taking An Interest in Bitcoin Is A Welcome Development and Another Sign of Mounting. After All, Softbank Functions More or Less Like A Japanese Sovereign Wealth Fund, Accounting To Jeff Park, Head of Alpha Strategies at BitWise.

But for Seasoned Observers, It Could Be More Of A Déjà-Vu than A BreakthROUGH.

Flashback to 2019, Softbank Made Headlines WHEN ITS FOUNDER, MASAYOSHI SON, DOOK A GIGANTIC LOSS ON A Personal Bitcoin Investment.

Son Had Taken Exposure to Cryptocurrency in Late 2017, WHEN The ICO Mania Was at It Its Peak and Bitcoin Was Trading at An All-Time High of AROUND $ 20,000.

With Bitcoin Now Trading at $ 93,000, Son’s Investment Wound Have Been Very Profitable Had Held on. But He Sold in Early 2018 As Bitcoin Began to Crash, Resulting in A $ 130 Million Loss, Account to the Wall Street Journal.

SO The Question Investors Could Be Asking Themselves Now, Wound This Time Be Different?

To find a clue, let’s take oracle (orcl) Stock as an example. Recently, US President Donald Trump Announced that Softbank Wuld be Part of A $ 100 Billion Push to Build ai Infrastructure in the Us in Conjunction with Openai and Oracle (ORCL).

One would say this is a bullish outcome for orcl stock. However, Since The Announcement Was Made on Jan. 22, coinciding with orcl Topping at $ 188 per Share, The Stock Fell 28%, While The Nasdaq Has Gone Down 12% in the Same Period of Time.

Other Outside Factors, Including Macro Headwinds and Geopolitical Tension, Could Explain The UnderForForce. It Could Also Be Just A PLAIN COINCIDENCE. However, One Analyst Tied this Oracle Selloff to Softbank’s Involvement in the ai Infrastructure Project.

“WHEN Softbank Enters an asset You Own, You Sell. I DON’T MAKE The RULES,” QUINN Thompson, Founder of Crypto Hedge Fund Lekker Capital, Wrote in A Post on X, City.