Bankman-Fried on Crypto Downturn & Acquisition Landscape

Sam Bankman-Fried, Founder & CEO, FTX in conversation with Bloomberg’s Matt Levine at the Bloomberg Crypto Summit discusses the latest downturn, crypto’s market structure, and potential acquisition targets.
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[@fernchanjan733]

This aged beautifully. Literally everything said applies to FTX today - in terms of saving companies

[@davidparker572]

Like how many times?

[@iwsutw]

Lol

[@davidburrowsyt]

Listening to this, I don’t think he’s going through the process of how companies get fhemselves into difficulty and what criteria he needs to save them. I think he’s replaying to the world, in plain sight, the current situation at FTX to gauge the real world opinion. It’s crazy to listen to this knowing what we know now.

[@briankopp8560]

Anyone who believed this nonsense is responsible for losing their money. I cant take this guy seriously.

[@claryingram5903]

😂😂😂😂

[@Matowix]

I lost over $750k in fcc token. I have a high iq. Maybe it was peer pressure. Then again now I hear this guy he seems like a total nerd.

[@briankopp8560]

@@Matowix Truly sorry to hear that. It happens. We live, we learn.

[@YourAverageSilver]

20/20 hindsight

[@briankopp8560]

@@YourAverageSilver No doubt. I know a charlatan when I see one. Dude cant even form coherent sentences.

[@austin_harrouff]

Never, ever trust anyone that says 'right?' after every sentence.

[@derekf425]

Manipulative sales tactic for sure

[@devon.a]

And.. "like", "umm"

[@BayBayBayArea]

Surprised he didn't have a panic attack onstage, it seems Alameda was already bust before this event.

[@sam-f6]

Biggest red flag is that he can’t explain how his business makes money.

[@rtqii]

I don't know about that... His description of a Ponzi was quite accurate.

[@AnthonyVlahovic]

He has a way of saying a lot while simultaneously saying nothing.

[@markpalmer8083]

Therefore, your BS detector should be redlining.

[@lindajones99693]

😂😂😂😂😂😂 he keeps going in circles

[@atx4runner]

It's like he is nervous and knows he doesn't have any like collateral.

[@harg8939]

I need to take paracetamol after listening to them 😀

[@reactstuffreact4500]

teachers son. fucked up early

[@ShreddedASMR]

This dude is so absolutely, completely tweeked out here it's almost incredible he's still alive.

[@markpalmer8083]

Absolutely. When you know the signs. You know the signs.

[@ryanehlis426]

People on meth/Adderall crash sooner or later.

[@Withnail1969]

How kind of Sam to bail out all those badly managed exchanges. What a nice young man.

[@cryptosteve5377]

He's just been Arrested for trying to go to Dubai

[@rtqii]

@@cryptosteve5377 Never happened.

[@Withnail1969]

@@JB-lp9xr Finally. I really thought he had got away with it.

[@bbsara0146]

how altrusitic of him. all the people he bailed out live in dubai where they can never be sued

[@alansnyder8448]

This is a joke, right? LOL.

[@andrewhosfeld]

Never invest with anyone who says ‘like’ as many times as Sam does within this interview.

[@Yccyhb]

This guy is still a kid. He has no concept of business. He talks like a kid with the like and like like like. So stupid. Amazing how so many smart people got fooled by him.

[@leoarias212]

And "you know", maybe more

[@harg8939]

@@JB-lp9xr hahaha you know … like …

[@johnmesser522]

Like like like like like like... freaking stop it !!!

[@johnmesser522]

I've a 9 yrs old grandson who talks & acts exactly like this dude..

[@rantg]

13:37 "laughing about using customers funds"... unbelievable.

[@laowai2000]

Absolutely soulless and likely criminal behavior. In hindsight just a matter of time before it imploded.

[@balllsdeep1750]

No different from what bankers at JP Morgan do 😂

[@balllsdeep1750]

​@@laowai2000you mean, just like banks?

[@golfinginthesun]

@@balllsdeep1750banks are actually regulated so there is a huge difference

[@ns2036]

OMG just watch at 13:40 :D he just exactly did what others he was insuniating for this guy must go to jail. if he doesnt then American justice system is totally corrupt. those millions in donations , and parents connections will prove to be working

[@skurai]

“You know” “you know” you know” you know you’re fuked if this has your money

[@sniffingcrypto7594]

Wise man !

[@sumayahlea3276]

Like Yes sir!! You know

[@Clausewitz-wp6ns]

Whatever right

[@vuton3877]

Smart guy

[@MsKelvin99]

this guy is really a piece of work

[@abseiduk]

The media people built him up and now $8 billion is missing. Where did the money go.

[@Josephsl78]

So proud of having been in the same math class as Matt Levine at Syosset HS. He's as sharp today as he ever was back then, not to mention such a gentleman!

[@redpepper313]

Matthew was the perfect interviewer because he refused to speak any faster than he wanted to and actually understood the financial terminology he was using.

[@seymourlove4788]

He looks slow

[@BumboLooks]

nothing-said-in-the-verbal-exchange-required-any-exemplary-thinking-skills. delusional-self-love-amongst-the-tribe-seems-to-be-terminal-illness.

[@grouchosays]

Sam buried him with a blizzard of buzzwords

[@abseiduk]

They don't know what they're talking about, it's just 'talk to catch the gullible.' Old lamp for new.😂

[@farnio]

Half of what this guy says are "like", "uh", "umm"

[@dannyd5279]

Because he’s trying to bs everyone

[@farnio]

@@dannyd5279 he’s full of fokakta

[@after_its_gone]

@@dannyd5279 chad

[@willstokes8637]

In hindsight this seemed so obvious. He seems lost and says a whole lot without saying anything. Just watch 2:41. What an absolute clown. I hope he gets thrown in jail.

[@Matowix]

Hes like Elizabeth Holmes. They should get married in prison

[@theguy9067]

He stated in this video that's its OK to take "random crap" as collateral. Vs taking no collateral and thats the reason these firms collapsed because of 3ac was that there was no collateral. So I guess the main takeaway after this collapse is that, no, Sam, taking random crap as collateral will not suffice

[@whatilearnttoday5295]

He's not lost. He's a scammer bamboozling his victims with a lot of words.

[@gemechibsa]

Something doesn’t feel right about FTX

[@TarotPolitics]

He’s GenZ’s Madoff.

[@kryptoberry9948]

He sounds like Vitalik. Vitalik is a weirdo too lol

[@wealthbar4389]

Your gut feeling was correct

[@Matowix]

Did u pull out your coin before sam took it to the Bahamas ?

[@NumberSeven1]

@@TarotPolitics You're really psychic 😃😃

[@jvajdos]

It’s crazy that nobody freaked out when he said that there were times when it made sense to dip into customer funds.

[@cdizonify]

13:34-13:42

[@dinosaurdude5668]

13:50 , either dip into customer funds or declare bankruptcy! Forgone conclusion on FTx

[@kevinsmoother]

Left wing journo kissing his butt

[@rtqii]

@@kevinsmoother Dude... Bloomberg is not "libs" or left wing...

[@TheBryanmauro]

@@dinosaurdude5668 Or in FTX case....do both!

[@Friendznco]

Thanks for playing.

[@jenniferfuller1791]

Using "like" in every ten words says it all. What a juvenile. Brilliant? Doesn't know how to put a sentence together. Really scary.

[@Matowix]

He has a physics degree do you ?

[@jenniferfuller1791]

@@Matowix Too bad he doesn't have an English degree.

[@RolanRoyce]

Levine won the contest of who could say the word "like" the most frequently.

[@gabecodina]

SBF explains margin lending perfectly, just as though he knows what he is talking about.

[@politicrackedpodcast9868]

Token - 5-letter T word Tulip - 5-letter T word When will we learn?

[@after_its_gone]

Good job lol

[@markpalmer8083]

Bitcoin - 7-letter B word. Completely different.

[@nutsbolts625]

Wow what an interview. Such a well read and sharp journalist and not a single hard hitting question or follow up. Kind of like let me just talk to a guy and lend my reputation about Sam being amazing and it was so obvious that this was a hous e of cards. And by obvious I mean not obvious and by not obvious I mean I never had the foresight to short the heck out of FTT and buy an island. My only engagement with SBF was how Alameda killed REEF when it refused to let him dump their tokens. That said I still took a bath on REEF.

[@maralackap]

I wonder if Sam will attend Court hearings to come in shorts!!

[@philmaro84]

Crazy how he hints at dipping into customer funds

[@Ricestronghand]

If you play this now with the closed captioning, it will open your mind.

[@mauritsmosterd5691]

Please don't support FTX and Sam. His political views are waaaay extreme.

[@davidoetting1551]

I just don’t see how any reasonably intelligent person can listen to him for ten minutes and then give him a dime.

[@balllsdeep1750]

😂💯 exactly... I'd be like bruh. Wtf are you trying to say.

[@cyb_structure]

🎯

[@101xaplax101]

If you subtract the word like from both speakers this conversation is only about 4 minutes long

[@aldavis408]

Amazing liar.. Underrated 💯

[@williamhenry9705]

"WeWork, Nikola, Sam Bankman-Fried"

[@kimandre6759]

This aged like milk :D

[@briankopp8560]

Dying

[@captainotto]

Stinky cheese or green cheese?

[@averagedave1953]

Great interview. I should trust this guy based on the rave mainstream media puts him to

[@dontdoitbro5495]

Dip into customers funds? Wow sounds like a lot of these firms are happy merchants for real huh

[@RR-et6zp]

yeah that's what Sam figured out. They used to take customer profits to stay profitable, so he got funding and undercut the industry that way

[@justinbeghly1384]

He had this coming

[@ChickenMcThiccken]

nigga had it coming for over 2000 years

[@MrAdriancaparso]

Any person with an uncontrollable leg twitch shouldn't be trusted.

[@shaunbarnett2972]

Sam is living proof that even with billions of dollars it's still really hard to find a good hairdresser.

[@jw2862]

It’s gonna be even harder with -$200M

[@cspb9471]

Hes gonna have the jail barber now

[@mikhailbabushkinum]

He will shave in jail

[@cspb9471]

@@mikhailbabushkinum na they will tie it up in a pony tail and have fun with the vegan cow

[@ArkOmen1]

Or a personal trainer

[@JasonC-rp3ly]

Just in this one interview, Sam uses the word "like" two hundred and twenty-nine times - 229. I counted. Also, he is clearly on some kind of incredibly strong drug.

[@Yefro72]

Good catch

[@ctrlaultdel6608]

Manipulations at work like … how he uses the word like … if you say like over and over … you’ll like him.

[@PLAYSTORE-yb7fu]

BEING THERE - Was a movie written way back in 1979 , it described an idiot, who didn't know anything, a gardener, and people reinterpreted everything he said as genius. We have a lot of this going on today. If someone has money they are looked upon as brilliant and knowledgeable even though they may have gotten the money through inheritance, cheating, lotto, etc. Money transfers with it the illusion that that person also is an authority with knowledge. If this guy had said the same things without having money no one would have listened to him. Really the public is to blame for buying into this crap. I am not saying that someone cannot have money and be smart at the same time of course that can be, but we should not accept that as correlation, when someone is saying something completely idiotic.

[@vnilla2921]

Like … Grownups f-up here letting this kid get their money.

[@ryangreen3332]

Holmes 2.0 😂

[@thewakakeboarder]

Who was 1.0?

[@ryangreen3332]

@@thewakakeboarder The actual Elizabeth Holmes lol. She just got 11 years yesterday. Let's see if it sticks. 👀

[@CarlAquaForce]

Take a drink every time he says "like" R.i.P

[@EvaSawicka]

No one comments how his voice sounds like a 5-year old speaking. Is this normal? 🤔🤔

[@dtm7909]

Only talk like that if you want investors to invest Billions without asking questions.

[@Tofucapitalist]

Matt is too good

[@DanOneOne]

I can't understand anything he is saying...

[@JP5466]

"Like... like... like.... LIKE"

[@aliasoma]

Ponzi.

[@back2d_lobby]

Incredible. One of the great stories

[@Kublai2000]

This is a work art as great as the Mona Lisa or Sistene Chapel

[@Elliott_Wave]

From a technical analysis point of view the correction that started Jan 22 is only about half way through.

[@tomdallas3690]

No suck thing as technical analysis (that works). No such thing as artificial intelligence, either. You are loser.

[@Elliott_Wave]

@@tomdallas3690 no intelligence from tom thumb

[@Elliott_Wave]

you vote trump yes?

[@swedesam]

You're a multi-billionaire when you show up to a Bloomberg event dressed in shorts and a t-shirt.

[@dannyd5279]

Actually you’re just a slob

[@RR-et6zp]

not really, waring a sharp suit is respectful and many scientist / engineers did in the past

[@KB-hc7fq]

can be cold in shorts and T-shirt. Not good for health.

[@IknowMoreThanYou]

Were*

[@Ken_from_Mumbai]

Or maybe just broke af

[@mohitmodi8980]

I am watching this today. SBF himself falls under all the pitfalls he himself mentioned other stupid executives do.

[@wynton921]

Impossible to listen to this guy now. It’s all BS! 😆

[@tonymontana1965]

the ponzi scheme billionaire.

[@heinzyketchupy4175]

And we have a trillion dollar gov Ponzi scheme on fiat

[@tonymontana1965]

@@heinzyketchupy4175 the fiat ponzi scheme is backed by an economy and military. what backs the crypto ponzi scheme?

[@heinzyketchupy4175]

@@tonymontana1965 economy and military? LMAO in who's confidence. The dollar can literally become 0 with a press of a button. Do u know what money printing does on a year to year basis? Lololol smh

[@tonymontana1965]

@@heinzyketchupy4175 lololol? every crypto company is going bankrupt. people are losing their life savings and taking their own life.

[@heinzyketchupy4175]

@@tonymontana1965 lmao, if the crypto goes bust, it will affect the market. That’s how you know crypto has an impact. Put it this way, if in your theory crypto is worthless, then Blockbuster going bankrupt would in theory be worse than a “supposedly” cryptolypse. Bet it won’t tho 🤣🤣🤣🤣🤣

[@annenoir9409]

"we can pay salaries without dipping into customer funds" 13:00

[@crime_wavcorp]

@13:55 did ya'll see him scratch his neck while he said that????!!

[@Yefro72]

Sam knew the writing was on the Wall during this interview. He looks like he is about to have an attack and has been popping some strong pills. Unbelievable how he talks and says so little at the same time . Damn.

[@derekf425]

If I see Sam in public he's gonna see my wrath

[@KimetsuNoYaiba100]

When he gave this interview, FTX was already bust.

[@tanthonie]

wft is this guy talking about?

[@sherzodr]

Am I the only one who thinks what he is saying is gibberish and meaningless?!

[@grouchosays]

He outsmarted the interviewer

[@bettycattk5298]

When he goes to prison maybe he can take diction lessons……,maybe from Elizabeth Holmes. That is, if she turns herself in. However she’ll probably get pregnant again for sympathy!!

[@AllExpressNews]

lotta words about dipping into customer funds, eh? 🤔

[@davidoetting1551]

“Like, you know, right, totally, but seriously”. Garbage. The giggling between them discloses membership in the silly tribe. “ dipping into customer funds” to pay salaries rolled off his tongue real easy?

[@balllsdeep1750]

This is the "cool" rich tech bois of Cali I guess. Thanks woke movement 😂

[@danyj24]

Is the host using “like” to mirror Sam?

[@jenniferfuller1791]

This guy like drives me nuts.

[@monnemonnemonne]

Great work Bloomberg tying your brand together with FTX, relly sharp questions....... not

[@KimonHaramis]

Bad hair, clothes and squeeky voice= success.

[@13xxxsniper13]

All his samples that were bad was basically describing his company

[@simonescelsa]

What is he on?

[@towerofpizza4823]

Ensam

[@BOB2112420]

In-group preference is real and these people just can't help themselves.

[@freegedankenzurbaukunst5613]

ALL these Bloomberg Markets and Finance & Forbes vids will be removed , soon . Enjoy

[@troyboy4645]

This is so good to Ponzi scheme are talking about other Ponzi scheme Merz I love this so much this is the best interview ever. You guys are so smart and talented. You won’t lose her spend customers money with you what a liar.

[@MishaWilson]

When people start talking about making money only so they can give it away... You know somethings wrong.

[@trudyaddis681]

Trouble is, he's not straight forward.

[@SenangBit]

Luna, Celsius.... Oh u meant FTX being the biggest of them all in the same bucket?

[@WhenTheLionRoars]

Going forward, anyone that uses the word "LIKE" when not expressing how they feel towards someone or something must not be in charge of anything

[@eugenemarsha]

This a great video, I learn alot watching your videos and it has been helpful to me. building steady income is quite difficult for newbies. Thanks to Angelina Morris for improving my portfolio, keep up with good videos.

[@pablojabo]

Wow I' m just shock someone mentioned expert MRS Angelina Morris I thought I'm the only one trading with her

[@pablojabo]

She helped me recover what I lost trying to trade my self

[@estherikpefua]

I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working

[@greatffgyv]

Yes is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days

[@vanessammesoma500]

My first investment with her gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@PaulDenisevich]

He's done

[@vnilla2921]

Dressing like that is a sign of disrespect in most cultures.

[@brianroom9667]

I Like, and Like, then Like, asset Like, you Like. If you invest in someone’s idea who still using LIKE in his/her sentences,failure is all on you.

[@bepitan]

..dude.

[@Emily-fo2xo]

FREE SBF !!! HE IS NICE

[@trudyaddis681]

He shakes. I've seen that in other interviews.

[@sjacobson005]

Sam Bankman-Fried = Adam Neumann = Bernie Madoff.

[@freegedankenzurbaukunst5613]

“You know the rules of perception - if they are black then it’s a gang, if they are Italian it’s a mob, but if they are Jewish, it’s a coincidence and you should never speak about it,”

[@cateelisabethlsn6400]

Surprised this is still online......

[@MrToastedtoad]

Criminal confession here by SBF. My only question is why is this guy wandering free.

[@TheDangk]

Most of his answers of conversations was just run ons to make him sound like he knows

[@TheDangk]

matthew smells BS

[@markpalmer8083]

He's so tweaked, he can't stop his leg shaking.

[@TheBryanmauro]

He is on something...

[@markpalmer8083]

@@TheBryanmauro Methamphetamine aka Tina.

[@teddyjackson1902]

This guy was one of the loudest pro-regulation voices in the world. Keep that in mind.

[@balllsdeep1750]

Lmao exactly! The regulators loved him. It means they are incompetent and don't do any research or really just corrupt/greedy... Shit maybe all of the above.

[@no-_-limits]

First For two highly educated individuals they use the word “LIKE” too many times. Second This interview was to investigate Sam and he did not know. Sam has no clue what the heck he was saying.

[@user-dy2lk5qq9k]

This guy got his name on a bullet

[@TheBryanmauro]

My thoughts exactly, these sh*tcoin platforms are mainly for money laundering by very shady characters. They would not have a problem dropping 250k for a headshot open this guy.

[@theresachung703]

Yup

[@jonathanbrown6206]

Good day Sir.

[@federicomagnolfi5848]

He reminds me Kyle Schwartz from Southpark

[@sc-to4uf]

*Does anybody understand the stuff that came out of SBF's mouth?*

[@grouchosays]

No. Sounds like Elizabeth Holmes.

[@johnmerlino7011]

I trust in "Friendly's Cow Bucks' above all other crypto currencies. At least I'll come away with ice cream.

[@ChickenMcThiccken]

is ice cream free?

[@Reallife3D4K]

Anyone who says “like” that many times is usually in the middle of saying some bull shit… the outfit is a huge red flag

[@JamMaul]

Scam bank man fried !!!! He should be dealth with. A scammer

[@MLouah-gp9ef]

22:38 😂😂😂😂😂😂

[@amarg959]

It’s so scary that he has the same demeanor and almost same voice and articulation as vitalik

[@kryptoberry9948]

Yup, totally. And he also wears a t shirt like Vitalik. Those genius people are weirdos lol

[@RR-et6zp]

@@kryptoberry9948 not really it’s called Playing the Game. Also, Suits always look better and it’s respectful. Many scientists and engineers in history were sharply dressed, and yes he said money is his main motive, especially for philanthropy or

[@nikhil5133]

@@kryptoberry9948 frauds really

[@whatilearnttoday5295]

@@kryptoberry9948 He's not a genius.

[@BTC-pt3br]

@@nikhil5133 no shit everyone will see it now. You wouldn't say 3 months ago. Why respond to this just now lol