From Wall Street Whiz to SBF Expert: Michael Lewis is almost ready with his new book

TL;DR Breakdown

  • Michael Lewis, the blockbuster author of The Big Short: Inside the Doomsday Machine and Moneyball: The Art of Winning an Unfair Game, is set to release a book on SBF before his trial begins in October.
  • Lewis’s upcoming book about Bankman-Fried is titled, Going Infinite: the Rise and Fall of a New Tycoon.
  • The crypto community await the book to match their expectations or to have them crushed.

The award for the biggest crypto villain goes to SBF- Sam Bankman-fried. In the fast-paced and ever-evolving world of cryptocurrencies, one name has been making waves and capturing the attention of both seasoned investors and newcomers alike: SBF. 

As an authoritative figure in the industry, SBF has garnered widespread recognition for his groundbreaking achievements and forward-thinking approach. This head of FTX grew to high political recognition in Washington, D.C. and the Senate. However, that did not last. The failure of FTX and Alameda Research put SBF at a bad spot. And now, a book about him is on the way. By whom? Michael Lewis.

SBF book is almost ready

In recent news, it has been revealed that renowned author Michael Lewis is on the brink of publishing a book that centers around the remarkable journey of SBF. Michael Lewis is the blockbuster author of The Big Short: Inside the Doomsday Machine and Moneyball: The Art of Winning an Unfair Game. Lewis has recognized the immense presence and impact SBF has had on the crypto realm. 

With his keen eye for captivating storytelling, Lewis aims to shed light on the rise and fall of SBF and their profound influence within the industry. Lewis’s upcoming book about Bankman-Fried is titled, Going Infinite: the Rise and Fall of a New Tycoon. 

Lewis first met SBF in late 2021 after a friend encouraged him to meet the FTX founder and get a feel on him. On May 19, at the Bitcoin 2023 conference in Miami, Lewis did not provide a specific publication date but indicated that he hopes the book will be available around the time that SBF’s trial begins in October.

A quick search on Amazon reveals that the book’s publication date is tentatively set for October 3.

image 758From Wall Street Whiz to SBF Expert: Michael Lewis is almost ready with his new book
Source: Amazon

Before FTX’s infamous collapse in November 2022, Lewis was reportedly close to completing the novel. The subsequent criminal charges against SBF added a wholly new dimension to the tale of the former crypto mogul billionaire.

The rise and fall of FTX and SBF

Lewis, while discussing the writing process at a Bitcoin conference, implied that the FTX drama ultimately saved the book. “I thought ‘I don’t have a book,” he said, adding:

I had this conversation with a kind of person I used as a sounding board…and he said, ‘Your problem is you don’t have a third act. You have the first two acts, but you don’t have a third act.‘ And I said, ‘That’s absolutely right; I don’t know how to end it.‘ A week later, FTX blows up. I was so grateful.

Michael Lewis

The author did not want to reveal too much information in the book, but he did say he was able to witness FTX’s meltdown firsthand. Given that Lewis’s last book, The Big Short: Inside the Doomsday Machine, presented a compelling and in-depth rundown of the important actors and circumstances surrounding the 2008 housing bubble catastrophe, his forthcoming book on SBF is certain to provide some interesting insights.

In 2019, FTX burst onto the scene with its cutting-edge cryptocurrency trading platform. Headed by the brilliant mind of SBF, FTX quickly gained traction and caught the attention of the crypto community. Its user-friendly interface, extensive range of trading options, and innovative features made it a force to be reckoned with.

Despite its meteoric rise, FTX faced a series of setbacks that led to its eventual decline. The volatile nature of the crypto market, coupled with regulatory pressures, exposed vulnerabilities within FTX’s operations. What remains the most notable failure of the FTX is SBF’s contribution. It’s interesting to see what Lewis chooses to cover and what will be missing out from what the crypto community would like covered.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:From Wall Street Whiz to SBF Expert: Michael Lewis is almost ready with his new book

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月21日 19:19
Next 2023年5月21日 20:32

Related articles

  • Ernst & Young scores mega audit deal with UBS bank

    TL;DR Breakdown Ernst & Young (EY) wins major contract to audit UBS after its acquisition of Credit Suisse. EY will start auditing the merged UBS-Credit Suisse entity from 2024. This contract is one of the highest in global banking, EY will use international resources. Description In the highly competitive landscape of financial services, professional service titan Ernst & Young (EY) has landed an exceptional contract to audit UBS, the Swiss multinational investment bank and financial services company. EY is taking over from PricewaterhouseCoopers (PwC), following UBS’s recent acquisition of Credit Suisse. A change in guard for UBS: From PwC to … Read more In the highly competitive landscape of financial services, professional service titan Ernst & Young (EY) has landed an exceptional contract to audit UBS, the Swiss multinational investment bank and financial services company. EY is taking over from PricewaterhouseCoopers (PwC), following UBS’s recent acquisition of Credit Suisse. A change in guard for UBS: From PwC to EY EY has had a long-standing relationship with UBS, serving as the bank’s external auditor since 1998. As UBS integrates Credit Suisse…

    Article 2023年7月17日
  • IRS ruling requires crypto investors to report staking rewards as taxable income

    TL;DR Breakdown The IRS issued a ruling impacting cryptocurrency investors engaged in proof-of-stake networks, requiring them to include token rewards in taxable income. U.S. taxpayers must report the “fair market value” of validation rewards in the year they gain control over the tokens. The ruling applies to investors staking tokens through cryptocurrency exchanges, particularly if they receive additional units as rewards. Description The Internal Revenue Service (IRS) issued a crucial ruling on Monday, affecting cryptocurrency investors engaged in proof-of-stake networks. According to the judgment, investors who receive rewards for validating activities must include the value of those tokens as part of their taxable income in the year they gain ownership of them. This legal analysis specifies that … Read more The Internal Revenue Service (IRS) issued a crucial ruling on Monday, affecting cryptocurrency investors engaged in proof-of-stake networks. According to the judgment, investors who receive rewards for validating activities must include the value of those tokens as part of their taxable income in the year they gain ownership of them. This legal analysis specifies that U.S. taxpayers must incorporate the…

    Article 2023年8月1日
  • $120M crypto scam unveiled in India

    TL;DR Breakdown Law enforcement authorities in India managed to apprehend the key figures responsible for orchestrating a multi-million dollar fraudulent venture that exploited the cryptocurrency space.  The extent of the deception is staggering, as reports suggest that this scheme managed to amass a staggering Rs 1,000 crore (equivalent to 10 billion rupees or approximately $120 million) from unsuspecting victims. Description The Indian Express reported a significant breakthrough in the ongoing battle against cryptocurrency-related Ponzi schemes in India on August 8th. Law enforcement authorities managed to apprehend the key figures responsible for orchestrating a multi-million dollar fraudulent venture that exploited the cryptocurrency space. The scam, centered around a cryptocurrency initiative named STA Crypto Token, claimed to … Read more The Indian Express reported a significant breakthrough in the ongoing battle against cryptocurrency-related Ponzi schemes in India on August 8th. Law enforcement authorities managed to apprehend the key figures responsible for orchestrating a multi-million dollar fraudulent venture that exploited the cryptocurrency space. The scam, centered around a cryptocurrency initiative named STA Crypto Token, claimed to combine cutting-edge solar technologies with the power…

    Article 2023年8月9日
  • Bitcoin may attract significant inflows from China amidst Yuan weakness and capital flight

    TL;DR Breakdown Recent data reveals a concerning trend for China, as capital outflows reached $49 billion in August.  Markus Thielen, head of research and strategy at Matrixport, suggests that Chinese investors may increasingly turn to Bitcoin as a hedge against a weakening domestic economy. Description Recent data compiled by Bloomberg reveals a concerning trend for China, as capital outflows reached $49 billion in August. This marks the highest monthly capital outflow since December 2015, creating added pressure on the Chinese yuan. Analysts attribute this phenomenon to several factors, including a robust U.S. economy in contrast to China’s weaker growth momentum … Read more Recent data compiled by Bloomberg reveals a concerning trend for China, as capital outflows reached $49 billion in August. This marks the highest monthly capital outflow since December 2015, creating added pressure on the Chinese yuan. Analysts attribute this phenomenon to several factors, including a robust U.S. economy in contrast to China’s weaker growth momentum post-COVID-19. Bitcoin gains attention as an escape route Markus Thielen, head of research and strategy at Matrixport, suggests that Chinese investors may…

    Article 2023年9月23日
  • Libbitcoin Explorer’s Version 3.x faces severe security breach, users’ funds endangered

    TL;DR Breakdown SlowMist warns of a critical vulnerability in Libbitcoin Explorer 3.x, jeopardizing crypto wallets. The vulnerability is traced to flawed pseudo-random number generator implementation. Users who used Libbitcoin Explorer 3.x for wallet seed generation are at risk of private key exposure. Description Blockchain security firm SlowMist has issued a cautionary blog post alerting users to a critical vulnerability within version 3.x of the widely-utilized Libbitcoin Explorer. This vulnerability has raised concerns about the security of various cryptocurrency wallets and reportedly resulted in an approximate loss of $900,000, as reported by Milk Sad. Interestingly, this blog post draws … Read more Blockchain security firm SlowMist has issued a cautionary blog post alerting users to a critical vulnerability within version 3.x of the widely-utilized Libbitcoin Explorer. This vulnerability has raised concerns about the security of various cryptocurrency wallets and reportedly resulted in an approximate loss of $900,000, as reported by Milk Sad. Interestingly, this blog post draws intriguing parallels to past susceptibilities uncovered in Trust Wallet. The core of the issue, according to SlowMist, lies within Libbitcoin Explorer’s implementation of a…

    Article 2023年8月12日
TOP