Going Infinite: The Rise and Fall of a New Tycoon
Going Infinite: The Rise and Fall of a New Tycoon is a book by Michael Lewis about Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX. The book chronicles Bankman-Fried’s rise to prominence in the crypto world, as well as the spectacular collapse of FTX in 2022.
Sam Bankman-Fried, the crypto prodigy who turned fraudster, is a cautionary tale for the cryptocurrency industry.
Lewis argues that Bankman-Fried was a brilliant but flawed entrepreneur. He was a visionary who saw the potential of cryptocurrency to revolutionize the financial system. However, he was also a reckless gambler who was willing to take huge risks.
Going Infinite
The Rise and Fall of a New Tycoon
By: Michael Lewis
Narrated by: Michael Lewis
Length: 8 hrs and 56 mins
Disclosure: As an Amazon Associate I earn commission from qualifying purchases or subscriptions through my links in this content.The collapse of FTX, once one of the largest cryptocurrency exchanges in the world, is a major setback for the industry.
In the early days of FTX, Bankman-Fried made a series of bold bets that paid off handsomely. He was able to capitalize on the boom in cryptocurrency prices and attract billions of dollars in investment. However, as the crypto market began to cool in 2022, Bankman-Fried’s risky bets started to backfire.
Sam Bankman-Fried’s rise and fall is a story of greed, hubris, and the dangers of unregulated cryptocurrency markets.
In November 2022, FTX collapsed after a series of bad loans and risky investments. Bankman-Fried was arrested and charged with fraud. He is currently awaiting trial.
Going Infinite does not offer any easy solutions to the problems facing the cryptocurrency industry. However, it does provide a valuable case study of the risks and rewards of investing in crypto. The book also raises important questions about the regulation of cryptocurrency exchanges. FTX was able to operate with little oversight, which allowed Bankman-Fried to take on excessive risk. The collapse of FTX has led to calls for increased regulation of the cryptocurrency industry.
Going Infinite is a cautionary tale about the dangers of greed and hubris. It is also a fascinating look at the world of cryptocurrency and the people who are trying to revolutionize the financial system.
If you’re interested in learning more about the story of Sam Bankman-Fried and the collapse of FTX, I highly recommend listening to the audiobook version of Going Infinite. The book is narrated by Michael Lewis himself, and he does a great job of bringing the story to life.
Listening to the audiobook is a great way to learn about the book’s insights while you’re doing other things, such as commuting, exercising, or doing chores. You can also listen to the audiobook at your own pace, which is helpful if you want to take your time and absorb all of the information.
I hope you enjoy the book!
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