Big Technology Podcast Why Crypto’s Thriving Post-SBF, Sports Betting Crisis Deepens, Jon Stewart vs. AI
Apr 5, 2024
Zeke Faux, a Bloomberg News reporter and author of "Number Go Up," dives into the intriguing world of cryptocurrency's revival after the FTX scandal. He discusses how Bitcoin is not only surviving but thriving amidst challenges. The conversation explores the bizarre rise of meme coins and speculates on whether these trends reflect societal issues. Zeke also sheds light on alarming scams like 'pig butchering.' Additionally, the evolving landscape of sports betting and Jon Stewart's critical perspective on AI add layers to this captivating discussion.
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Crypto's Resilience
- Crypto thrives despite SBF's conviction and a 25-year sentence.
- Bitcoin is up 53% this year, and meme coins are proliferating.
SBF's Prison Trading Tips
- SBF offered trading advice to prison guards, suggesting selling Ripple and buying Solana.
- This advice, if followed, would have doubled their money.
Number Go Up Mentality
- Crypto traders seem to have embraced "number go up" thinking, focusing on price increases.
- Discussions about DeFi and NFTs have diminished in favor of meme coins.
