Log in

🎄 Cryptonary Christmas Sale! 50% OFF. Save $500 Now Only ⏰ : 1d 4h 45m 37s

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. FTX CEO Sam Bankman-Fried comments on Bitcoin market amid Ukraine crisis
News

FTX CEO Sam Bankman-Fried comments on Bitcoin market amid Ukraine crisis

Updated: Aug 31, 2024
Published: Feb 24, 2022
0
Share:

Sam Bankman-Fried, CEO of crypto exchange FTX, has commented on the decline of BTC after Russia declared war on Ukraine early Thursday.

Post Feature Image

He believes BTC's decline was not a surprise

In a Twitter post on the market scenario, Bankman-Fried said that the war has led to a shortage of money in the market, resulting in a sell-off in both traditional and crypto markets. The decline in BTC prices is also attributed to the growing correlation with the Nasdaq and the S&P 500, which recently hit a two-year high. Bankman-Fried pointed to the destabilization of currencies in Eastern Europe and suggested that investors in Eastern Europe may be looking for alternatives due to the invasion of Ukraine, which could make BTC an obvious choice.

He categorized investors' mindsets into two types: fundamental and algorithmic. He explained that fundamental investors look at market conditions and sentiment, while algorithmic investors prefer data. Market fundamentals point to a buying opportunity as BTC is a crisis hedge, while algorithmic investors looking at the data and BTC's correlation with the stock market are more likely to sell. According to this theory, the back and forth between fundamental and algorithmic investors has caused the current Bitcoin market to stop halfway.

BTC price fell as Ukraine situation worsens

The price of Bitcoin fell sharply early Thursday as reports spread of an intensified attack by Russian forces in Ukraine. According to market data, the price of BTC was trading just below $37,000 when media reports and posts on social media began to spread showing videos of missile attacks, including on the main airport in the Ukrainian capital, Kiev.

Bitcoin's price hit a local low of $34,522, according to Coingecko. At the time of writing, the price has recovered slightly to $35,135.29. Stock indexes in Asia also fell, and futures for U.S. markets indicated sharp declines at the start of trading

Continue reading by joining Cryptonary Pro

Save 50%

$497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025
Yield Watch: Safest Passive Income Ranges For 2026
PRO
Yield farming
Yield Watch: Safest Passive Income ...As Christmas approaches and the year comes to a close, markets are entering a quieter, less volatile...
4 min read
Dec 24, 2025
BTC, ETH and More: Markets Remain Range Bound
PRO
Market Direction
BTC, ETH and More: Markets Remain R...Momentum is slowing as markets push into year-end, with repeated rejections keeping price locked in ...
10 min read
Dec 23, 2025
Market Update: How Low Can BTC Go?
PRO
Market Updates
Market Update: How Low Can BTC Go?While US jobs and inflation are clearly cooling, bond markets and central banks are sending a more c...
9 min read
Dec 19, 2025
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025
Yield Watch: Safest Passive Income Ranges For 2026
PRO
Yield farming
Yield Watch: Safest Passive Income ...As Christmas approaches and the year comes to a close, markets are entering a quieter, less volatile...
4 min read
Dec 24, 2025
BTC, ETH and More: Markets Remain Range Bound
PRO
Market Direction
BTC, ETH and More: Markets Remain R...Momentum is slowing as markets push into year-end, with repeated rejections keeping price locked in ...
10 min read
Dec 23, 2025
Market Update: How Low Can BTC Go?
PRO
Market Updates
Market Update: How Low Can BTC Go?While US jobs and inflation are clearly cooling, bond markets and central banks are sending a more c...
9 min read
Dec 19, 2025
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

Ă—

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free. Join 300,000+ investors and traders who've been following us since 2017.

​
Netherlands

Free forever. Unsubscribe anytime. No credit card required.