I made an earlier comment explaining it as SBF coming to believe that his tricks kept working so consistently that he regarded them as some kind of fundamental

I made an earlier comment explaining it as SBF coming to believe that his tricks kept working so consistently that he regarded them as some kind of fundamental aspect of reality, that he could always find another investor to give him a reprieve, he could always find another sucker to buy FTT at an inflated value (sorry, “exit liquidity”). https://news.ycombinator.com/item?id=33973023 https://news.ycombinator.com/item?id=33973023