Episode 607: Inside Crypto’s Wild Rise and Staggering Fall
Newt's World
Gingrich 360
4.6 • 6.4K Ratings
🗓️ 17 September 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
Crypto has become inescapable. Seemingly overnight, everyone from Wall Street to Main Street started talking about Bitcoin, NFTs, the blockchain, De-Fi and the metaverse. Promoters hailed crypto as the dawn of the future of money, art, commerce, and the internet. No one knew what it all meant, but everyone knew someone who bought some cryptocurrency with a bizarre name and hit it big. Newt’s guest is Zeke Faux. His new book, “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall” chronicles a two-year, globe-spanning quest to uncover the secrets at the heart of the greatest financial mania the world has ever seen.
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Transcript
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| 0:00.0 | On this episode of Nootsworld, during the pandemic, crypto became inescapable. |
| 0:11.0 | Seemingly overnight, everyone from Wall Street to Main Street started talking about Bitcoin, |
| 0:16.1 | NFTs, the blockchain, DeFi and the Metaverse. |
| 0:20.6 | Promotors held and it has the dawn of the future of money, art, commerce and the internet. |
| 0:25.9 | No one knew what it all meant, but everyone knew someone who bought some cryptocurrency |
| 0:29.7 | with a bizarre name and hid it big. |
| 0:32.6 | Even people who were sick of hearing about it all couldn't help but feel a powerful |
| 0:36.4 | sense of fomo, the fear of missing out. |
| 0:40.2 | My guess today was one of those people. |
| 0:42.8 | His interest was peaked by an argument with a high school buddy about Dogecoin, which |
| 0:46.7 | started out as idle curiosity turned into a two-year, globe-spanning quest to uncover |
| 0:52.6 | the secret at the heart of the greatest financial mania the world has ever seen. |
| 0:57.0 | A journey chronicled in his new book. |
| 0:59.7 | Number go up, inside crypto's wild rise and staggering fall. |
| 1:05.2 | Here to talk about his new book, I'm really pleased to welcome my guest, Zeke Fox. |
| 1:10.7 | He's an investigative reporter from Bloomberg Business Week and Bloomberg News. |
| 1:23.6 | Zeke, welcome and thank you for joining me on Newt's World. |
| 1:27.8 | Thank you so much for having me on. |
| 1:29.9 | Close to my own, I think two and two thirds bitcoins or something we got very early on. |
| 1:36.1 | Just because we just wanted to see what it was like. |
| 1:37.8 | You're doing pretty good then. |
| 1:38.8 | Yeah. |
... |
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