- Marcelo Claure, the former executive of Tokyo-based Softbank, has disclosed that he now dedicates 10% of his holdings to the flagship cryptocurrency, Bitcoin (BTC).
- Revealing the reason behind his move, the CEO of Claure Capital says the fear of a likely forthcoming recession triggered him to do so.
- Having left his position at Softbank, Claure now serves as the Vice-Chairman of the Board of TelevisaUnivision and directors for T-Mobile along with being the chairman of Claure Capital.
Softbank’s former chief executive, Marcelo Claure declared that he has dedicated 10% of his holdings to the flagship cryptocurrency, Bitcoin (BTC).
Currently, Claure acts as Vice Chairman of the Board of TelevisaUnivision.He is also a member of the boards of Carnegie Hall, T-Mobile, and Likewize, according to his LinkedIn.
Besides, Claure also is the president of Club Bolívar, the largest professional soccer team in Bolivar, and co-owner of Girona FC, the Spanish soccer team Girona FC.
Claure debates in a panel discussion at the Bitcoin 2022 Conference that inflation worldwide is due to governmental monetary policies.
Claure also reveals the reason why he decided to expand his BTC holdings by 80-90%. He says the terror of a probable forthcoming recession pushed him to do so.
Claure points out that they were always told by the capital allocators that the “safe thing” is to ‘keep everything at 2%.’
Further, he explains that it led to them thinking that Bitcoin was among the safest ways out there to maintain their wealth. Claure adds that in the current times, Bitcoin is likely to be the only investment where the probability of gain is much more than the “potential of an asymmetry.”
Claure currently serves as the chairman and CEO of the Investment firm Claure Capital. He resigned from his position as chief executive at Softbank in late January.
At the time of writing, the flagship cryptocurrency was changing hands at $42,427.14, which is down 2.40% in the last 24 hours.
The leading cryptocurrency by market cap in the past seven days has shed over 4.7% in the past seven days. However, looking at the crypto asset through a monthly lens, it has actually gained more than 11.5%.
Source: https://www.thecoinrepublic.com/2022/04/09/heres-why-former-softbanks-chief-executive-has-dedicated-10-of-his-holdings-to-bitcoin-btc/