Sam Bankman-Fried has been dubbed ‘the $10 Billion man’ after winning big in just three years trading a host of Cryptocurrencies.
He’s a physics graduate from MIT, but with a hunger to accrue enough wealth to make a difference in the world, he took a job trading ETF’s at Jane Street Capital, eventually leaving to establish the investment firm Alameda Research and the Crypto trading platform FTX.
He’s a proponent of the Effective Altruism movement with the goal of donating to the world’s most effective charities.
He joins the boys on this episode of The Jax Jones and Martin Warner Podcast to discuss everything Cryptocurrency.
TOPICS:
[00:00] - Intro
[00:44] - Who is Sam Bankman-Fried, and how did he come to be worth $10 Billion in Crypto?
[06:48] - The difference between trading Cryptocurrency and trading stocks and shares
[10:26] - FTX trading platform: College roommate start-up trading $14 Million+ every day
[12:17] - The limitations that regulation has on trading cryptos in the US.
[13:05] - XRP, the SEC case against Ripple, and is it going to the moon?
[19:12] - Bitcoin Arbitrage: How selling the Crypto in different markets made Sam MILLIONS
[22:19] - Sam's first big win ($10-15 million a day)!
[25:28] - Scaling up a business that’s making a lot of money
[27:08] - Avoiding the Cultural Cancer: when times get tough in the business
[31:24] - Sam’s hiring process: "We try to make it sound bad"
[38:00] - Where do cryptos actually get their value?
[41:11] - What needs to happen in crypto to make it in the mainstream finance world?
[57:16] - What cryptocurrency should everyone be looking out for?
[01:01:00] - Let’s talk Dogecoin
[01:06:01] - What's happening with Bitcoin?
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ℹ️ ABOUT the hosts:
🎵Jax Jones is an internationally renowned artist, music producer & DJ, having sold over 40MM records across pop, house and dance genres, as well as receiving multiple Grammy, Brit & Ivor Novello nominations for his work.
💰Martin Warner is a serial entrepreneur, inventor, educator, investor & film producer. He is recognized as a global thought leader on the subject of entrepreneurship & innovation. Among his accomplishments, Martin achieved the holy grail exit of $50MM in a record 17 months, he was the first British pioneer to enter the race to build an electric air taxi, he also co-invented full-colour 3D desktop printing, and the very first corporate news ticker and holds 120+patents for his innovations.
#sambankmanfried #dogecoin #bitcoin