Should Goldman Sachs CEO David Solomon be quaking in his boots?

That is the feeling that one might glean from Sam Bankman-Fried as he explains, in an interview with the Financial Times, that financial giants like Goldman Sachs
GS,
-0.96%

and exchange platform CME Group
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-0.34%

may be future acquisition targets for his relatively upstart crypto exchange FTX.

Bankman-Fried told the FT, in a recent interview, that his exchange, considered by some to be one of the fastest-growing digital platforms, wants to overtake Binance and Coinbase Global
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-4.38%
,
the No. 1 and 2 largest cryto platforms in the world.

Then…watch out Goldman and CME.

“If we are the biggest exchange, [buying Goldman Sachs and CME] is not out of the question at all,” Bankman-Fried was quoted by the FT saying.

If Bankman-Fried comes off as superbly ambitious, it is, perhaps, for a good reason.

The 29-year old, who is a U.S. citizen but resides in Hong Kong, is reportedly a graduate of Massachusetts Institute of Technology, who boasts a net worth of $8.7 billion, according to Forbes. Forbes says that majority of his wealth is derived from his stake in FTX, which he launched a few years ago, as well as crypto token ownership, like bitcoin
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+0.82%

and Ether
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+2.50%

on the Ethereum blockchain, for example. He also launched Alameda Research, the quantitative crypto trading firm he founded in 2017, which looks after $2.5 billion.

Bankman-Fried is aiming for a valuation of $20 billion for FTX, in his most recent funding round, according to the FT. FTX, a cryptocurrency unicorn that offers derivative trading services with offices in Hong Kong and the U.S., is the fourth-largest global crypto exchange, according to CoinMarketCap.com.

Even still, Goldman’s value is $127 billion, while CME Group’s is $75 billion, as of Wednesday midday trade.

Coinbase, meanwhile, has a market capitalization of about $50 billion, if Bankman-Fried would consider lowering his sights. Coinbase went public back in April but has seen a tough road as a publicly traded company thus far.

Coinbase shares are down 28% over the past three months, performing better than bitcoin, which is down 48% over the same period. However, traditional assets are faring far better than their turbulent crypto counterparts in recent months, by comparison.

The Dow Jones Industrial Average
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is looking at a gain of more than 3% in the three-month period, the S&P 500 index
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+0.17%

and Nasdaq Composite
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+0.06%

indexes are both up nearly 6% over the same period.

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