|2041 Recovery… According to an analyst at UBS – a Switzerland based International bank – Bitcoin may take up to 22 years to regain its previous dizzying highs based on the historical performance of similar asset bubbles…
Sorry Son… Softbank’s founder & billionaire, Masayoshi Son, lost a reported $130 million from buying bitcoin at the $20k peak and sold in early 2018. Don’t feel too bad, his net worth is still $24 billion.
Takeaways: To quote the legendary Warren Buffett, “Be fearful when others are greedy and greedy when others are fearful.” In other words buy low and sell high – and don’t follow the herd. Buffett advice could have saved Son millions if he didn’t get caught up in the crypto craze.