Masayoshi Son, CEO of SoftBank, sold the company’s Nvidia shares back in 2019 to manage financial risks. SoftBank needed cash to stabilize after some big investments, like WeWork, struggled, and Nvidia shares had already gained in value, making it a good exit. Plus, there was uncertainty in the semiconductor market, so reducing exposure seemed wise. In hindsight, albeit 5 years later, with Nvidia’s surge due to the AI boom, it looks early for exit, but based on the situation at that point of time, in my opinion that the most favourable decision made.
With Bitcoin's value rising over 16%, there is speculation about whether it could surpass the $70,000 mark. Several factors contribute to this potential rally, including increased institutional adoption, favorable macroeconomic conditions, and the upcoming Bitcoin halving event, which historically has boosted prices. However, challenges remain, such as regulatory scrutiny and market volatility. Investors are optimistic but must remain cautious of potential corrections. If the current momentum sustains and these positive drivers continue, Bitcoin could indeed break new all-time highs, possibly surpassing $70,000.
With Bitcoin's value rising over 16%, there is speculation about whether it could surpass the $70,000 mark. Several factors contribute to this potential rally, including increased institutional adoption, favorable macroeconomic conditions, and the upcoming Bitcoin halving event, which historically has boosted prices. However, challenges remain, such as regulatory scrutiny and market volatility. Investors are optimistic but must remain cautious of potential corrections. If the current momentum sustains and these positive drivers continue, Bitcoin could indeed break new all-time highs, possibly surpassing $70,000.