SoftBank CEO: About 10% of $ 5 billion Latin American funds invest in crypto assets

Sources say Paulo Passoni, CEO of SoftBank Latin America Financial, said about 10% of the company's $ 5 billion has been invested in crypto assets, supporting some tokens even though they are expensive too. .

Passoni said the best investment in Latin America is cryptocurrencies.

"Of course there is a little bubble and not all tokens are worth what the market demands, but I think it's the most important and meaningful thing in the world right now," he said. it stated on the Eurasian website. Group on Wednesday.

He said, "There's an old saying about investing - finding information. The smartest people in the world are now working on crypto related businesses. I think we run the house. Learn crypto at our team. Even within our team, there is a big difference in knowledge. "

It is known that SoftBank has recently extended its investments in Latin America. In September, the company announced that it had invested in 15 of 25 Latin American unicorns with a market value of more than $ 1 billion, including the Colombian express app Rappi and the Brazilian services of gympass. It also supports Participacoes SA, Brazil's largest cryptocurrency brokerage, which received $ 50 million in cash last month.