Masayoshi Dream: "I don't understand bitcoin"

Japanese billionaire, Founder and CEO of SoftBank financial conglomerate Masayoshi Son (Masayoshi Son) said, what bitcoin doesn't understand, since it is too volatile.

Dream told, that invested in Bitcoin on the advice of a friend. Familiar billionaire "Uponed" to invest him in Bitcoin 1% From your portfolio, and, in the end, Sleep invested in BTC about $200 million. However, the volatility of the cryptocurrency market was a surprise to the investor, So he preferred to sell the asset, Although I lost about $50 mln.

“I looked at the price of bitcoin every day, She went up, then down. I thought then, that it's not good, I don't understand this market. I constantly thought about it and it distracted me from the main business. And I decided, that I will sell bitcoins at any price, and lost some there, about $50 million, Maybe", - said the Japanese billionaire.

Despite the growth of the course of the first cryptocurrency, Masayoshi is not going to invest in bitcoin in the near future:

"May be, now bitcoin is more expensive, what I sold it. But without investment in Bitcoin, I feel much better - I do not need to score my head, that I don't understand ".

At the same time, the general director of SoftBank considers, that digital currencies are the future. However, he does not understand the structure of such assets and therefore is now much more interested in developments in the field of artificial intelligence.

Recall, what, As reported last year, Losses of Masayoshi Son in investment in bitcoin compiled $130 million.