SoftBank... returns to the world of Bitcoin: Will it compensate for its massive losses in 2018?

The Japanese giant SoftBank has announced its return to the cryptocurrency market, supporting a new investment tool in Bitcoin (BTC) through its company Twenty One Capital, in collaboration with Tether, Bitfinex, and Cantor Fitzgerald. This move comes after a period of distancing from the crypto market, raising questions about its impact on the world of digital currencies amid current volatility.

SoftBank, which manages massive assets totaling $308.7 billion, may be one of the first major companies to see cryptocurrencies as a new strategic opportunity. Some analysts view this step as another indication of the growing adoption of digital currencies by major institutions, especially after the significant evolution in Bitcoin, which has recorded unprecedented trading levels reaching $93,000.

The return to cryptocurrency markets coincides with SoftBank's participation in another project, as it announced its collaboration with OpenAI and Oracle to build AI infrastructure in the United States. However, this move has not been without challenges. Oracle's shares have seen a 28% decline since the announcement of the project, which may be related to SoftBank's involvement in the campaign. 🌐🆕☑️