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The HC Commodities Podcast
Number Go Up: Inside Crypto’s Wild Rise & Staggering Fall with Zeke Faux
Sep 12, 2023
Investigative reporter Zeke Faux discusses the incredible rise and fall of cryptocurrencies in 2021, including the involvement of Tether coin and the questionable activities surrounding it. The podcast explores the dark side of the crypto world, the collapse of cryptocurrency prices and companies, and the intriguing mystery behind Tether's lack of records and risky investments. Faux provides an insider's perspective on the wild rollercoaster ride of crypto and the potential ramifications it may have on the future of banking and the global economy.
54:30
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Quick takeaways
- The podcast highlights the culture of hype and irrational belief driving the crypto mania, leading to scams, human trafficking, and financial losses for many.
- The lack of transparency and credibility surrounding Tether, a stablecoin at the center of the crypto market, raises serious concerns and red flags.
Deep dives
The Rise and Fall of Crypto: From Hype to Scams
The podcast episode explores the incredible rise and subsequent collapse of cryptocurrencies, stablecoins, and NFTs in 2021. It questions whether this will be remembered as the most significant crowd-induced event in history, surpassing previous market bubbles. Zeke Fox, author of the book 'Number Go Up: Inside Crypto's Wild Rise and Staggering Fall,' provides insights into the crypto world, revealing shady characters and events, including the controversial Tether cryptocurrency and its uncertain reserves. The narrative highlights the culture of hype and irrational belief driving the crypto mania, leading to scams, human trafficking, and financial losses for many. Despite the flaws and risks, the crypto world continues to withstand skepticism and regulatory scrutiny.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode