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Book

Number Go Up

Inside Crypto's Wild Rise and Staggering Fall

Crown, 2023 more...


Editorial Rating

8

Qualities

  • Eye Opening
  • Engaging
  • Insider's Take

Recommendation

As trillions in government stimulus washed through the US economy in 2020 and 2021, the value of bitcoin and other cryptocurrencies soared. Then, digital images known as NFTs rocketed in value – drawings of cartoon monkeys fetched more than $1 million. In this entertaining book, journalist Zeke Faux tells the tale of his tour of the crypto craze: He went to Miami for bitcoin confabs and traveled to the Bahamas to interview one-time crypto-world hero Sam Bankman-Fried. Faux even dropped $20,000 on a Bored Ape NFT. All told, his experience was as outlandish as you’d imagine.

Take-Aways

  • During the pandemic, a crypto bubble inflated beyond all logic.
  • From its earliest days, crypto was beset by fraud.
  • The business practices of Bitfinex and Tether waved red flags.

About the Author

Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News. He’s a winner of the Gerald Loeb Award.