Former Google CTO Sells All Bitcoin Holdings, Cites Significant Financial Loss

BlockBeats News, June 27th, Former Google YouTube App Architecture Tech Lead Patrick Shyu tweeted that he has 「sold all of his Bitcoin and suffered a massive financial loss. Bitcoin has dropped from a high of $120,000 in October last year to just over $60,000 this summer, a 50% drop. There is no preparation for the psychological impact of such a market on your mind, especially when you are using leverage... My leverage was too high. A small mistake led to dire consequences.」