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Motley Fool Hidden Gems Investing

Number Go Up

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 17 September 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

“I’d pull back the curtain and there was nothing there.” The hype of crypto was real. Many of the use cases are still to be determined. Deidre Woollard caught up with Zeke Faux, an investigative reporter for Bloomberg and the author of “Number Go Up: Inside Crypto's Wild Rise and Staggering Fall.” They discuss:  - Why investors are quick to throw belief out the window - What really happens at an NFT party with Snoop Dogg, Eminem, and Jimmy Fallon - Questions around stablecoins, and one company “quilted out of red flags”  - What happens when you spend a book advance on a JPEG image Tickers discussed: USDT Host: Deidre Woollard Guest: Zeke Faux Producers: Ricky Mulvey, Mary Long Engineers: Dan Boyd, Annie Pope Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It boils down to, how would you like to keep your money in like the ad blocker in your

0:07.6

browser?

0:08.6

Like one of those little icons like next to the URL.

0:12.6

And like if you lose the password it's gone forever and everyone's telling me that you're

0:17.7

going to get it stolen.

0:30.0

I'm Mary Long and that's Seek Fox, investigative reporter for Bloomberg and the author of the

0:34.5

new book, Number Go Up, Inside Crypto's Wildrise and Staggering Fall.

0:39.6

We drove alert caught up with Fox to talk about how FOMO hit crypto speculators, the problems

0:44.3

of actually using crypto.

0:46.3

What Jimmy Fallon said to Zeke about his promotion of NFTs and Zeke's time hanging out with

0:50.9

none other than Sam Vancouver Freed.

1:10.6

This book, I think I read it faster than I've read any business book I've read in a long

1:16.2

time.

1:17.2

It feels like a beetroot a bit.

1:19.0

It's got, you know, it starts with some splashy parties.

1:21.8

You've got definitely some wild characters.

1:24.6

What is it about crypto that you have found so fascinating to cover?

1:27.7

I know you've been covering it for a while.

1:29.8

I feel like I got really lucky because I, since I was a teenager, I always loved these

1:34.7

like adventure stories.

1:35.7

I loved books by like John Crackauer, Ben Mezrich who did the MIT Blackjack story, but

1:43.1

I never thought that I had found a story like good enough that I should write a book.

...

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