Crypto: the next Warren Buffett?

According to an article in the American magazine Fortune, Sam Bankman-Fried, the Founder and CEO of ecryptocurrency exchange, FTX, could be ‘the next Warren Buffett’. Recall that Warren Buffett is a famous American businessman who, in 2022, became the fifth richest man on the planet.

Sam Bankman-Fried, the young trading prodigy turned billionaire

According a tweet by Alyson Shontell on 1er August, Sam Bankman-Fried, “the 30-year-old billionaire founder has been dubbed the next Warren Buffett“. Sam finds himself on the cover of Fortune magazine. According to the article on the billionaire, his investment strategy is “counter-intuitive”. And it will allow him either to build an empire or to find himself in a disastrous situation.

The article referred to the fact that Sam “doesn’t look like the most powerful man in crypto“. Indeed, the billionaire appears as a friendly and crumpled person with his “curly hair halo“. And despite looking somewhat comical, Sam Bankman-Fried is a very ambitious young trading prodigy.

the founder and CEO of FTX, a crypto exchange, has a degree in physics from MIT (Massachusetts Institute of Technology). He improved his trading skills working at Jane Street, one of Wall Street’s biggest firms. Then he started his own company Alameda Research which has had and continues to have success.

Sam Bankman-Fried created the FTX crypto exchange in 2019. For many, it is “the best derivatives platform ever built“. Today, the billionaire founder comes across as “the white knight of crypto“. Indeed, it steps in to save companies that are collapsing due to the crypto winter.

Under his unusual looks, Sam Bankman-Fried is a very ambitious and very rich man. The young trading prodigy honed his skills in the field while working at Jane Street. Today, the billionaire has everything to succeed, but he could also sink with his counter-intuitive investment strategy in the crypto industry.

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