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

  • FBI and GCHQ issue joint advisory on Russian malware targeting crypto wallets

    TL;DR Breakdown A joint advisory from the FBI, NSA, CISA, and the UK’s NCSC has warned about a new malware called Infamous Chisel, linked to Russia’s GRU military intelligence agency, that targets cryptocurrency wallets and exchange apps on Android devices. The malware specifically seeks out directories related to popular crypto applications like Brave, Binance, Coinbase, and the Trust crypto wallet, as well as communication platforms Telegram and Discord. It also targets the Android Keystore system for storing private keys. Despite its low to medium sophistication and lack of stealth techniques, the malware poses a significant threat to digital assets, especially as it comes at a time when cybercriminals are increasingly targeting valuable digital assets, including cryptocurrencies. Description A joint advisory report from the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), and the UK’s National Cyber Security Centre (NCSC) has shed light on a new malware strain known as Infamous Chisel. This malware is specifically designed to target cryptocurrency wallets and exchange applications. The malware … Read more A joint advisory report from…

    Article 2023年9月2日
  • 20% of GenZ investors in South Korea have XRP as their most preferred altcoin: Reports

    TL;DR Breakdown GenZ investors in South Korea are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin (BTC) and Ethereum (ETH). The report revealed that a substantial 82.5% of investors in their 20s allocated their funds to altcoins, excluding Ethereum. Description A recent report from a local South Korean news outlet has highlighted an interesting trend among cryptocurrency investors from Generation Z (GenZ) in South Korea. According to News1 Korea, GenZ investors in the country are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin … Read more A recent report from a local South Korean news outlet has highlighted an interesting trend among cryptocurrency investors from Generation Z (GenZ) in South Korea. According to News1 Korea, GenZ investors in the country are displaying a strong inclination towards investing in altcoins, particularly Ripple (XRP), as opposed to the more traditional choices of Bitcoin (BTC) and Ethereum (ETH). The analysis conducted by News1 Korea focused on investment data from…

    Article 2023年8月24日
  • Coinbase CEO Brian Armstrong stands firm amidst SEC lawsuit, staking services to continue

    TL;DR Breakdown Coinbase CEO Brian Armstrong remains resolute amidst SEC lawsuit, stating it will have no impact on operations, including staking services. Armstrong confirms Coinbase’s commitment to continue offering staking services, which contribute 3% to overall net revenue. Coinbase’s Chief Legal Officer reaffirms confidence in their analysis of tokens and plans to review new information while assuring no delisting of implicated tokens. Coinbase, the largest cryptocurrency exchange in the United States, remains undeterred by the recent lawsuit filed against it by the Securities and Exchange Commission (SEC). The company’s CEO, Brian Armstrong, assured investors and users that the legal action would not impact its operations, including its staking services, which were among the products targeted by the SEC. Armstrong’s comments came just a day after the SEC sued Coinbase for operating as an unregistered securities exchange, broker, and clearing agency. Speaking at the Bloomberg Invest Conference, Armstrong emphasized that Coinbase would continue to offer staking services to its clients. He revealed that the staking program contributed 3% to the company’s overall net revenue, making it a significant aspect of its…

    Article 2023年6月13日
  • Australia surprises as third most represented nation in Ripple lawsuit

    TL;DR Breakdown John E. Deaton, representing XRP holders in the Ripple vs. SEC lawsuit, reveals that the U.S. accounts for 53% of the 75,000 XRP holders involved. Australia has unexpectedly risen to the third spot, narrowly beating Canada. XRP’s current market performance is bearish, with a 4.72% price decrease, trading at $0.4769.   Description In a recent revelation, John E. Deaton, the legal spearhead for XRP holders in the Ripple vs. SEC case, has unveiled compelling data. This data spotlights the global diversity of XRP holders involved in the lawsuit. The United States leads the pack, accounting for 53% of the 75,000 XRP holders in the case. Given that … Read more In a recent revelation, John E. Deaton, the legal spearhead for XRP holders in the Ripple vs. SEC case, has unveiled compelling data. This data spotlights the global diversity of XRP holders involved in the lawsuit. The United States leads the pack, accounting for 53% of the 75,000 XRP holders in the case. Given that the lawsuit centers on Ripple Labs’ U.S. activities, this majority is no surprise….

    Article 2023年9月12日
  • FTX’s $10 million wallet activity fuels token dump fears amid bankruptcy saga

    TL;DR Breakdown Large transfers of around $10 million in tokens related to the Solana ecosystem were observed from an FTX wallet, sparking concerns of potential token dumps as the cryptocurrency exchange faces bankruptcy proceedings. FTX has proposed selling digital assets with a weekly limit of $100 million to $200 million to minimize market impact, a plan that is expected to be discussed in an upcoming Delaware Bankruptcy Court hearing on September 13. Description In a development that has sent ripples through the cryptocurrency community, large transfers of funds associated with the FTX wallet have been observed, igniting fears of a potential token dump. According to data from blockchain analytics platform Arkham Intelligence, since August 31, a wallet linked to FTX has moved around $10 million in tokens related … Read more In a development that has sent ripples through the cryptocurrency community, large transfers of funds associated with the FTX wallet have been observed, igniting fears of a potential token dump. According to data from blockchain analytics platform Arkham Intelligence, since August 31, a wallet linked to FTX has moved…

    Article 2023年9月4日
TOP