Inside Crypto’s wild rise and staggering fall
S2N spotlight
A few months ago I read Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall by Bloomberg journalist Zeke Faux. Written in 2023 amid the carnage of the FTX collapse—alongside blow-ups like Luna/Terra and Celsius—it takes you backstage into crypto’s scheming and debauchery.
When you read the book, you realise how silly many of the people who lost a lot of money were. The problem was and still is, that when you are in the midst of the euphoria of “number go up”, it is very hard to see the craziness that you are a part of.
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You are probably wondering why I am bringing this up now, as clearly Zeke got it wrong. Since his book was released, crypto-land, led by Bitcoin, has recovered to dramatically new…
