Bestselling author Michael Lewis has announced that he is close to completing his upcoming book titled Going Infinite: the Rise and Fall of a New Tycoon, which focuses on Sam Bankman-Fried (SBF) and the downfall of the FTX crypto exchange. Lewis aims to time the book’s release with the beginning of SBF’s criminal trial in October.
The implosion of FTX in November 2022 and the subsequent criminal charges against SBF provided a new angle to Lewis’ story. Interestingly, Lewis stated during the 2023 Bitcoin Conference in Miami that the drama involving FTX ultimately saved the book, as he initially struggled with finding a suitable ending.
The author mentioned that his forthcoming work reads like a piece of fiction, providing an engaging and compelling story even for those unfamiliar with crypto or Sam Bankman-Fried. Given Lewis’ successful track record of delving into the key players and moments of the 2008 housing bubble crisis in The Big Short, readers can anticipate interesting insights in his new book exploring the world of cryptocurrency.
Lewis has collected information from a variety of sources, including interviews with SBF’s inner circle and employees, as well as government officials in the Bahamas and the United States. He has also enjoyed unrestricted access to SBF for the past two years, even during the latter’s house arrest in Paolo Alto.
One notable detail Lewis revealed at the Bitcoin Miami conference was that he owns a modest amount of Bitcoin that is now locked up in the FTX bankruptcy. This personal connection to the story might add an extra layer of credibility and passion to the narrative.
As cryptocurrencies continue to gain worldwide attention and use, it is crucial to consider both the positive and negative impacts these digital assets can have on the global market. The collapse of FTX and the allegations against Sam Bankman-Fried serve as a cautionary tale for other crypto entrepreneurs and investors, highlighting the importance of prudence and safety within the rapidly evolving industry.
While some may argue that the downfall of FTX was an isolated incident that won’t affect the overall stability and promise of cryptocurrencies, others might suggest that it emphasizes the need for stricter regulations and frameworks to protect investors and the market from future collapses.
Ultimately, Michael Lewis’ book Going Infinite: the Rise and Fall of a New Tycoon is set to generate significant interest and discussion among crypto enthusiasts and the general public alike. As the trial against SBF unfolds in October, the lessons learned from this true story can impart valuable insights into the constantly moving world of cryptocurrency and blockchain technology.
Source: Cointelegraph
