In this article we do not give up for dead, far from it. His notion of the economy and his constant investment advice, in the midst of the economic crisis we are going through, and others, give it more life and value than ever. Here it is sought to highlight his figure and compare it with that of another financial “guru”, precisely with the figure of Sam Bankman-Fried, the 30-year-old, disheveled and “most powerful in cryptography”, as described by Fortune.
Samuel Bankman-Fried, also known by his initials SBF, is an American businessman, billionaire, and investor. In an interview conducted by the financial media, he is profiled as a man with “rebellious” curly hair, with an affinity for nerd culture (he likes League of Legends) and for being the “child prodigy” of commerce. It is currently the, a cryptocurrency exchange, and FTX.US, the American subsidiary of it.
SBF studied physics at the Massachusetts Institute of Technology (MIT). She honed her trading skills at the Jane Street Capital quantitative workshop before launching her successful personal project called. In 2019 he founded the crypto exchange FTX, hailed by some as the “best derivatives platform ever built,” Fortune reckons.
The “white horse of cryptocurrencies”
The billionaire businessman who has a , makes him the richest young man in the world. In addition, he has a new identity within economic concepts: “white horse of cryptocurrencies”.
This definition has been adapted to him as he saves startups struggling in the midst of what was the “crypto winter” in which Bitcoin and other assets have crashed.
Prediction of “crypto winter”
In the interview, among other questions, he stands out when asked about the “crypto winter,” noted above, and whether he could have predicted that it would be so “bad.” This along the lines of a question to Buffett about the current economic crisis.
In this regard, the young businessman replied that “I would not have guessed so badly. But if you had told me that the Nasdaq was going to fall 40% from its peak, I would have guessed it. Probably only a third of this movement (of the market) it was crypto specific. And the other two-thirds were just macro events.”
Cryptocurrency recovery and “healthy” deletion
If there will be a recovery of cryptocurrencies, SBF noted that “we have already seen the worst; there is a little more to come, but it is not very bad.” In addition, he assured that it has been a “healthy” elimination. “People have to rethink how to value assets and that they have to be a little more grounded, and realize that we’re going to rebuild a stronger industry,” he added in the interview.
In the dark context of cryptocurrencies, Jeff John Roberts told Bankman-Fried that a crypto expert had pointed out to him that the young entrepreneur was going to come out of the crisis like Warren Buffett, since he owns a lot and everyone owes him a lot of favors. Faced with that statement, SBF said that “I want to be in a position where when we work with people, we are a little more generous than when we have a single particular reason to be.”
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