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Masters in Business

Zeke Faux on Crypto and the Digital Asset Frenzy

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 2 November 2023

⏱️ 92 minutes

🧾️ Download transcript

Summary

Bloomberg Radio host Barry Ritholtz speaks to Zeke Faux, an investigative reporter for Bloomberg Businessweek and Bloomberg News. He has won the Gerald Loeb Award for explanatory journalism and the American Bar Association’s Silver Gavel Award, and was a National Magazine Award finalist. He is the author of Number Go Up: Inside Crypto's Wild Rise and Staggering Fall.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story

0:05.8

behind the story. How your EV's battery may not be as green as it seems. Why a decrease

0:11.6

in global birth rates could send countries scrambling to increase immigration? You get

0:16.6

context. And context changes how you see things. How you change things. Because context changes

0:22.6

everything. Go to Bloomberg.com to get context.

0:30.0

This is Masters in Business with very Reholtz on Bloomberg Radio.

0:38.8

This week on the podcast, what can I say? Zeke Fox's book, Number Go Up, Inside Crypto's

0:45.0

Wildrise and Staggering Fall is just a shocking and hilarious and fun read. I read it pretty

0:54.3

quickly in less than a week. And I thought it was just fascinating. It is a deep dive

1:01.0

on no holds barred look at crypto and the many, many scams that take place across everything

1:09.4

from NFTs to ICOs to hacks to Bitcoin business models. He is especially unhappy with

1:19.8

tether, which by the way of all the scams in the book, tether so far seems to be holding

1:25.7

up. It's really the thing that pulled him into the world of crypto. And it's the one

1:31.1

that has outlasted the writing of the book. Lots of other things fell apart including

1:36.5

FTX. I found the book to be really entertaining and amusing and a little bit horrifying. Parts

1:43.4

of it are really just terrifying. But Zeke is a fascinating guy. He is an award-winning

1:49.6

investigative reporter for Business Week and Bloomberg News. He won the Lobe Award,

1:54.5

the civil gavel award. He was a National Magazine Award finalist. He is really an interesting

2:00.3

guy with a fascinating history. And the story of how he unraveled all of the mayhem in

2:07.8

the world of crypto is really quite fascinating. Starting with a buddy who made a little

2:14.5

money and he just gets sucked into the nether worlds of everything from Luna to Tara to

2:21.2

Celsius to tether to NFTs and the board ape yacht club. It really is just a very entertaining

...

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