A discussion on the growth and challenges of the crypto industry, including the recent news on Bitcoin ETF and the SEC's regulatory struggles. The chapter also explores personal experiences and complexities of using and understanding cryptocurrency, concluding with a pessimistic outlook and a reference to the book 'Number Go Up'.
“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
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