Money Talks: The future of crypto, part two
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 26 October 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
Last week, we spoke to the author Michael Lewis, who was embedded with Sam Bankman-Fried, as FTX, the crypto-trading empire he built, came crashing down amid allegations of fraud, which Mr Bankman-Fried denies. Mr Lewis credits Changpeng Zhao - the boss of Binance, a rival exchange - with bringing Mr Bankman-Fried to prominence. But CZ, as he’s known, may also have played a role in his downfall. This week, we speak to him about what the future holds for crypto.
Hosts: Alice Fulwood, Mike Bird and Tom Lee-Devlin. Guests: CZ.
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Transcript
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| 0:00.0 | In a world of seismic change, will your business shape the future or be shaped by it? |
| 0:07.0 | How will we capture the imagination of tomorrow's consumers? |
| 0:12.0 | Overcome operational constraints to focus on future growth |
| 0:17.0 | and unlock economic and social prosperity through environmental responsibility. |
| 0:22.8 | With EY's full spectrum of services across sectors, we're all in to shape the future with confidence. |
| 0:29.1 | Start your transformation journey at EY.com slash transformation. |
| 0:36.0 | This episode of Money Talks is supported by IDA Ireland. |
| 0:40.0 | With the highest share of STEM graduates per capita in the EU, |
| 0:43.8 | IDA Island can help source the skills you need to internationalise and thrive. |
| 0:48.4 | Visit IDAIreland.com to learn more. |
| 0:56.2 | The Economist. |
| 1:01.6 | A quick announcement before we get started with today's episode. |
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| 1:28.9 | show notes or search online for Economist Podcasts. But for now, let's get on with the show. |
| 1:38.1 | It feels like crypto is on trial. The fraud trial against disgraced cryptocurrency guru Sam Bankman-Fried is underway in New York City. |
| 1:48.4 | The 31-year-old ran FTX, one of the world's largest exchanges, before the entire enterprise |
| 1:53.3 | came tumbling down late last year. |
| 1:55.6 | Prosecutors say he knowingly lied to customers and took the money for himself. |
... |
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