The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.s Jeff Bezos and JPMorgan Chase & Co.s Jamie Dimon.
Five years ago, Sam Bankman-Fried was working for a charitable organisation that promoted the then-fringe idea of “effective altruism”: using scientific reasoning to figure out how to do the most good for the most people. Then he spotted a seemingly too-good-to-be-true pricing anomaly in Bitcoin and decided that, for him, the right path would be making tons of money to give away.
Sam Bankman-Fried’s road to becoming a billionaire started when he spotted a seemingly too-good-to-be-true pricing anomaly in Bitcoin. But he isn’t planning on holding onto his fortune.