Inventing the Crypto King

Being compared to Warren Buffett is seen as a compliment, but it can also be seen as a curse.

The root of the curse may lie in the fact that Warren Buffett displays legendary patience to let his investments mature and compound for years, a trait that is hard to come by in a frenetic market full of FOMO.  When someone like Sam Bankman-Fried shows up and starts building a multi-billion dollar fortune in a short period through crypto, what can go wrong?

How the media created the myth of Sam Bankman-Fried

Over the past two years, Bankman-Fried cultivated the media lavishly, if not carefully. Drawing on what then seemed like an unlimited pool of cash, SBF (as we’ll call the mythologized version of the real person) dispersed investments, advertising dollars, sponsorships, and donations to key news outlets—including ProPublica, Vox, Semafor, and The Intercept—with extraordinary effectiveness.

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