Five years ago Sam Bankman-Fried hadn’t bought his first bitcoin, but today, he’s one of the youngest billionaires in the world thanks to the cryptocurrency, and one of the most powerful people in the young but fast-growing crypto industry.
Bankman-Fried, who has been touted by some as the next Warren Buffett, still drives his Toyota Corolla, and he tells CNBC that he plans to give 99% of his fortune away to charity. CNBC’s Kate Rooney travels to FTX headquarters in the Bahamas for an in-depth interview with the man some call “Crypto’s White Knight.”
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Bankman-Fried, who has been touted by some as the next Warren Buffett, still drives his Toyota Corolla, and he tells CNBC that he plans to give 99% of his fortune away to charity. CNBC’s Kate Rooney travels to FTX headquarters in the Bahamas for an in-depth interview with the man some call “Crypto’s White Knight.”
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
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Francisco Gimeno - BC Analyst Sam Bankman-Fried is a crypto billionaire at 30. Many investing on the first stages of crypto got millions. Many lost them too. Why is he different? Well first he is considered the "good person of crypto", the one with social conscience, altruism, and putting "evangelisation" of digital finance ahead of any volatility or taking profit just for the sake of it. He prefers if everyone or most get to share and to grow and not to be greedy which causes long term damage to the crypto sphere. So, he works for the great good as he thinks is the way for him too to grow. If each one hides in a castle when the enemy comes the war islets. If we join together we will have an opportunity to win. That is why even at the crypto winter he just loaned loads of money at crypto platforms in problem of liquidity. His story helps us to learn more about how there is more to crypto than scams, volatility, greed and ill profits. That you can be a billionaire and be and preach altruism. Of course he can do that as he already earned the money and freed his time, but each and every one can learn how to focus on some positive aspects of life, mainly the answer to the question of "which footprint, which memory will remain from my life in the future?" We all (we think) prefer a good answer. Take notes while watching it. It's worthy.