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Chris Smith
Nov 18, 2024
Partner

A funny video compilation of CNBC pumping SBF. Oh, how obvious it was in hindsight. Who do you think will be this cycle's SBF? Is anyone getting some weird vibes? Let me know in the comments.

Sam Bankman-Fried is really becoming the industry's lifeline during a crisis lately. I'm fascinated, endlessly fascinated, with Sam Bankman-Fried's role in all of this. You've been now described as the J.P. Morgan, if you will, of the crypto business. A lot of people called you the savior of crypto, the patron saint of crypto. The Michael Jordan of crypto, if you will. Sam Bankman-Fried. Sam Bankman-Fried, the J.P. Morgan of... Sam Bankman-Fried, S.B.F., J.P.M. Do you know S.B.F.? I think it's cool that the guy has just initials, S.B.F. Some on Twitter calling him the hero right now of the industry. There's comparisons to Warren Buffett back in the financial crisis. Or if you go way back, J.P. Morgan in the panic of 1907, bailing out the banks before the Fed was even created. Sam Bankman-Fried is trying to play the role of J.P. Morgan, the original J.P. Morgan. One key figure we've talked about has emerged to help stabilize the ecosystem. That is Sam Bankman-Fried. We talk about him a lot, Sam Bankman-Fried. Is he the Jake Gould of our era, or is he the J.P. Morgan of our era? I think it's yet to be determined. Yet to be determined. Is he Vanderbilt? He could be. Is he Harriman? Possibly. Is he the Credit Mobile scandal? Is he Carnegie? The aforementioned 29-year-old gazillionaire, FTX founder and CEO, Sam Bankman-Fried. I love you, Sam. I'm just jealous. Nothing against you. The CEO, though, lives a relatively understated life. For a billionaire, he drives a Toyota Corolla to FTX's offices in the Bahamas. He lives with 10 roommates and a golden doodle named Gopher. Sometimes sleeps under his desk on a beanbag chair as well. You aim toward a more sophisticated level of investor than some of the other platforms do. Fair point. Well, Sam, thanks so much. Such a fascinating conversation. That's Sam Bankman-Fried of FTX. Sam, don't be a stranger. We love you here on CNBC. Come around, talk to us more often about your thoughts. A lot of other things to talk about. We love checking in with you, too, Sam. Such a good spokesperson for the industry, and we look forward to seeing what you guys are up to in the coming months.

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