Japanese Investor Yuta Misaki Loses $29 Million in Crypto, Cites Market Volatility
Japanese investor Yuta Misaki shared a cautionary post on March 1 urging his social media followers to be keen when engaging in crypto-related activities due to ongoing price fluctuation. In his report, Misaki laments losing $29 million from crypto investment. He regrets investing his hard-earn money in the leading crypto asset Bitcoin (BTC), which has struggled to regain its bulls steam.
Impact of Price Volatility
In particular, Misaki’s huge loss was caused by price fluctuation and the repercussions of the FTX fallout. Misaki labeled his financial loss as a “bad bet.” Before this, Misaki had yielded substantial gains after investing ¥ 700 in Bitcoin assets.
He stated that the profits from his previous investment inspired him to invest more in cryptos. Misaki regretted investing $9.6 million in Bitcoin, which has dipped his value on investment to $2.2 million.
Despite the wild Bitcoin price swing, Misaki is still optimistic that the ailing market will soon recover and fall back to the 2021 position.
Misaki Next Move
Following his cautionary tweet, Misaki’s followers shared their testimonials on losing a measurable amount in crypto markets. From the multiple tweets, an investor encouraged Misaki to exit the crypto space and reroute his assets to the business industry.
Notably, since 2010 Misaki has been a successful businessman who has invested in diverse business units. The 31-year-old Japanese entrepreneur established his first business Media Heart in 2010, which generated meaningful gains. He later leveraged his media personality to promote the vegetable juice “aojiru.” Also, Misaki has created a YouTube channel with more than 1.5 million subscribers.
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