Sam Bankman-Fried says each time a sell-off happens it’s less messy for crypto – and sentiment has already turned positive after this week’s plunge

Sam Bankman-Fried says each time a sell-off happens it’s less messy for crypto – and sentiment has already turned positive after this week’s plunge

With every sell-off that hits cryptocurrency markets, the impact becomes less disruptive and the bounceback is easier, crypto billionaire Sam Bankman-Fried said in an interview published Thursday. The founder and CEO of crypto exchange FTX shared his thoughts with Cointelegraph on Tuesday's for bitcoin, which was accompanied by declines in other digital assets. "I think it's a classic thing," he said . "There's a ton of bullishness in the space. There has been for a while." "Sometimes there's just a straightforward effect where when people are bullish, things go up," Sam Bankman-Fried said. "But there's also some times in effect where if things start to go down, you get some liquidations, you get some margin calls, you get some people cashing out and de-risking, you get some of the hot air leaving the space. And that's what we saw over the last few days." Bitcoin was last trading at $46,137, down 8% in the past week, but still up 60% so far this year, according to data from . That said, the FTX boss suggested the trend is for crypto markets to be less chaotic when they start to sink. He pointed to slumps in 2020 and 2021, in particular