Hype machine : how greed, fear and free money crashed crypto

Oliver, Joshua2024

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Summary

The definitive take on the crypto boom and bust of the last half-decade. Expansive, compelling, nuanced and eminently entertaining, it explains and de-mystifies the cult of crypto by following the trajectory of its most enigmatic and magnetic of participants, Sam Bankman-Fried. This 30-year old, self-trained and unproven Californian had ridden the crypto wave by convincing professionals and amateurs alike to invest billions upon billions into his fund. He was feted by celebrities as well as smart investors and small family funds. And then the bubble burst. Financial Times journalist Joshua Oliver introduces readers to the people and ideas that made SBF's remarkable trajectory happen and reveals the hype machine that allowed him to flourish.