Crypto’s Rise, Fall, and Rise with Zeke Faux

Lost Debate

The Branch

News, Politics, Society & Culture

4.6 • 607 Ratings

🗓️ 18 January 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ravi is joined by Zeke Faux from Bloomberg to discuss his new book, "Number Go Up." The book takes readers on a rollercoaster journey through the crypto world, covering everything from its shady beginnings and huge leap into the limelight to its dramatic crash. Leave us a voicemail with your thoughts on the show! 321-200-0570 Subscribe to our feed on Spotify: http://bitly.ws/zC9K Subscribe to our Substack: https://thelostdebate.substack.com/ Follow The Branch on Instagram: https://www.instagram.com/thebranchmedia/ Follow The Branch on TikTok: https://www.tiktok.com/@thebranchmedia Follow The Branch on Twitter: https://twitter.com/thebranchmedia The Branch website: http://thebranchmedia.org/ Lost Debate is also available on the following platforms: Apple: https://podcasts.apple.com/us/podcast/the-lost-debate/id1591300785 Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vTERJNTc1ODE3Mzk3Nw iHeart: https://www.iheart.com/podcast/269-the-lost-debate-88330217/ Amazon Music: https://music.amazon.co.uk/podcasts/752ca262-2801-466d-9654-2024de72bd1f/the-lost-debate

Transcript

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0:00.0	Welcome to The Lost Debata Show for Politically Ecclectics. I'm Robbie Gupta, and today we are interviewing
0:06.4	Zeke Fox, who's the author of Number Go Up, Inside Crypto's Wild Rise and Staggering Fall.
0:13.9	Zeke is an investigative reporter for Bloomberg Business Week in Bloomberg News, and he's a national
0:18.7	fellow at New America at Wired Magazine said that we are all reading the wrong crypto book,
0:24.9	and they were alluding to Michael Lewis's book about SBF.
0:27.5	They said the real book to read is Zeke's book, and I can't agree more.
0:32.4	Zeke, welcome to the podcast.
0:33.9	Thanks a lot for having me on.
0:35.2	Well, Zeke, as we talk, this is the day that the Bitcoin ETF begins trading in the United States.
0:44.7	And this has just been a few weeks where all the sort of the familiar pattern of I told you so, isms are coming from the sort of crypto maximalists.
0:55.3	Give me the lay of the land.
0:56.3	What's going on right now?
0:57.8	Yeah.
0:58.1	So the Bitcoin ETF has just started trading.
1:03.6	And what that means is that you can now easily go and buy Bitcoin in your e-trade or Schwab or whatever account.
1:15.9	And crypto people have been really pushing this as a catalyst for Bitcoin to go higher.
1:23.3	And my question is, there's always been a lot of ways to buy Bitcoin.
1:27.5	It's relatively easy to buy through Robin Hood or Coinbase or even every time I open Venmo,
1:33.5	it asks me if I want to buy Bitcoin.
1:36.0	So I'm sure there are some marginal people that will now be interested in buying a Bitcoin
1:42.5	ETF that would not have bought Bitcoin before.
1:47.0	But it'll be interesting to see how many of those people there are and how much money this actually represents.
	...

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