Softbank purchases BTC again, after losing $ 130 million in 2018. Is this time different?

The Japanese giant Softbank is dipping its fingers again to Crypto by supporting a new Bitcoin (BTC) investment vehicle (BTC), twenty capital, in conjunction with Tether, Bitfinex and Cantor Fitzgerd.

For some, the SoftBank group – which has $ 308.7 billion assets under management – represents an interest in Bitcoin is a welcome development and another mark on the escalation of institutional encryption adoption. After all, Softbank Functions More or less like the Japanese wealth fund, according to Jeff Park, the head of alpha strategies in BitWise.

But for experienced observers, it can be more than Déjà-Vu more than penetration.

Flashback until 2019, Softbank topped the headlines when its founder, Masayoshi Son, took a giant loss to investing a personal bitcoin.

The coded son was exposed in late 2017, when ICO was at its peak, and Bitcoin was trading at a level higher than $ 20,000 ever.

With Bitcoin now at $ 93,000, SON was very profitable if it was carrying it. But he sold in early 2018 when Bitcoin began to break down, Which led to a loss of 130 million dollarsAccording to the Wall Street Journal.

So the question that investors themselves can now ask is, will this time be different?

To find an idea, let’s take Oracle stock (ORCL) as an example. Recently, US President Donald Trump announced that Softbank will be part of a $ 100 billion batch to build an infrastructure for Amnesty International in the United States in conjunction with Openai and Oracle (ORCL).

One can say that this is a bullish result of the Orcl share. However, since it was announced on January 22, in conjunction with Orcl above $ 188 per share, the stock decreased by 28 %, while the NASDAC exchange decreased by 12 % in the same time period.

Other external factors, including total opposite winds and geopolitical tension, can explain weakness. It can also be just a clear coincidence. However, one of the analysts linked this Selloff Oracle with Softbank’s participation in the Amnesty International Infrastructure Project.

“When Softbank enters one of the assets you own, you sell it. I do not make the rules,” Book On X, quoting Oracle decline.