Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall

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The “rollicking” (The Economist), “masterfully written” (The Washington Publish) account of the crypto delusion, and the way Sam Bankman-Fried and a forged of fellow nerds and hustlers turned ineffective digital cash into trillions of {dollars}—hailed by Ezra Klein in The New York Occasions as one of many “Books That Clarify The place We Are”

FINALIST: the Edgar Award (Truth Crime), the Macavity Award (Nonfiction), the Porchlight Enterprise E book Award, the SABEW Finest in Enterprise E book Award

A BEST BOOK OF THE YEAR: The New York Occasions DealBook, The Washington Publish, Los Angeles Occasions, Monetary Occasions, The Globe and Mail, Irish Examiner, Morningstar, The Verge, Wired

In 2021 cryptocurrency went mainstream. Big funding funds had been shopping for it, celebrities like Tom Brady endorsed it, and TV advertisements hailed it as the way forward for cash. Hardly anybody knew the way it labored—however why hassle with the particulars when everybody was making a fortune from Dogecoin, Shiba Inu, or another bizarrely named “digital asset”?

As he noticed this frenzy, investigative reporter Zeke Fake had a nagging query: Was all of it only a confidence recreation of epic proportions? What began as curiosity—with a splash of FOMO—would morph right into a two-year, globe-spanning quest to grasp the wizards behind the world’s new monetary equipment. Fake’s investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for brief) and a bunch of different crypto scammers, utopians, and in a single day billionaires.

Fake follows the path to a luxurious resort within the Bahamas, the place SBF boldly declares that he’ll use his crypto fortune to save lots of the world. Fake talks his means onto the yacht of a former little one actor turned crypto impresario and beneficial properties entry to “ApeFest,” an elite occasion headlined by Snoop Dogg, by buying a $20,000 picture of a cartoon monkey. In El Salvador, Fake learns what occurs when a rustic wagers its treasury on Bitcoin, and within the Philippines, he stumbles upon a Pokémon knockoff cellular recreation touted by boosters as a remedy for poverty. And in an astonishing improvement, a spam textual content leads Fake to Cambodia, the place he uncovers a crypto-powered human-trafficking ring.

When the bubble immediately bursts in 2022, Fake brings readers inside SBF’s penthouse because the fallen crypto king faces his imminent arrest. Fueled by the absurd particulars and authoritative reporting that earned Zeke Fake the accolade “our nice poet of crime” (Cash Stuff columnist Matt Levine), Quantity Go Up is the important chronicle, by turns harrowing and uproarious, of a $3 trillion monetary delusion.

From the Writer

ASIN ‏ : ‎ B0BYV2Y3XT
Writer ‏ : ‎ Crown Foreign money (September 12, 2023)
Publication date ‏ : ‎ September 12, 2023
Language ‏ : ‎ English
File measurement ‏ : ‎ 25511 KB
Textual content-to-Speech ‏ : ‎ Enabled
Display Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Enabled
Phrase Clever ‏ : ‎ Enabled
Print size ‏ : ‎ 473 pages