SoftBank Latin America Fund buys nearly $ 500 million in crypto assets

Paulo Pasoni, managing director of SoftBank's Latin America Fund, said on Wednesday that his $ 5 billion tech fund managed to invest up to 10% (about $ 500 million) in crypto-related assets. He thinks that some tokens are overvalued, but he himself supports this idea.

He was quoted on the Eurasian Group website as saying, "Of course there is a little bubble. Of course not all tokens are worth as much as the market says." But "I think it's important." It's a problem in the world right now. "

Pasoni added, “There is an old adage about investing. Do your best. The smartest people in the world have worked on crypto projects. I think I ran a crypto school for my team. Even within our team, there is a difference in experience. "