{"id":92488,"date":"2023-10-13T17:56:49","date_gmt":"2023-10-13T17:56:49","guid":{"rendered":"https:\/\/www.getstoryshots.com\/?p=92488"},"modified":"2023-10-17T20:49:20","modified_gmt":"2023-10-17T20:49:20","slug":"going-infinite-summary","status":"publish","type":"post","link":"https:\/\/www.getstoryshots.com\/es\/books\/going-infinite-summary\/","title":{"rendered":"Ir al infinito Resumen y cr\u00edtica | Michael Lewis"},"content":{"rendered":"<figure class=\"wp-block-post-featured-image\"><img decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Going Infinite Summary and Review\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary.png 1200w, https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary-300x157.png 300w, https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary-1024x536.png 1024w, https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary-768x402.png 768w, https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n<h2 class=\"wp-block-heading\">Listen to the Audiobook Summary and Review<\/h2>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.getstoryshots.com\/wp-content\/uploads\/going-infinite-book-review-summary.mp3\"><\/audio><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Introduction<\/h2>\n\n\n\n<p>Going Infinite: The Rise and Fall of Sam Bankman-Fried by Michael Lewis is a book about the rise and fall of Sam Bankman-Fried, the founder and CEO of the cryptocurrency exchange FTX. Lewis tells the story of how Bankman-Fried built FTX into one of the largest cryptocurrency exchanges in the world, and how it all came crashing down in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who This Book Is For<\/h2>\n\n\n\n<p>This book is for anyone who is interested in the rise and fall of cryptocurrency, or in the story of a young entrepreneur who lost it all. It is also a good book for anyone who wants to learn more about the world of finance and investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About Michael Lewis<\/h2>\n\n\n\n<p>Michael Lewis is a Pulitzer Prize-nominated author and journalist. He is known for his ability to write complex financial stories in a way that is both informative and engaging. Lewis&#8217;s other books include The Big Short, Moneyball, and The Undoing Project.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>StoryShot 1: The Nerd<\/strong><\/h2>\n\n\n\n<p>Michael Lewis begins Going Infinite by profiling Sam Bankman-Fried, the founder and CEO of the cryptocurrency exchange FTX. Lewis describes Bankman-Fried as a brilliant but socially awkward nerd who was obsessed with math and computers. Bankman-Fried attended MIT, where he studied physics and mathematics. After graduating from MIT, Bankman-Fried worked as a trader at Jane Street Capital, a quantitative trading firm.<\/p>\n\n\n\n<p>Bankman-Fried became disillusioned with the traditional financial system, which he saw as unfair and inefficient. He believed that cryptocurrency could be used to create a more efficient and equitable financial system. In 2017, Bankman-Fried left Jane Street Capital to start his own cryptocurrency trading firm, Alameda Research.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>StoryShot<\/strong> 2: The Exchange<\/strong><\/h2>\n\n\n\n<p>In 2019, Bankman-Fried founded FTX, a cryptocurrency exchange. FTX quickly became one of the most popular cryptocurrency exchanges in the world. Bankman-Fried was able to attract investors and customers by offering a wide range of products and services, and by having a strong customer focus.<\/p>\n\n\n\n<p>FTX was one of the first cryptocurrency exchanges to offer derivatives products, such as futures and options. FTX also offered a wide range of other products, such as margin trading, lending, and staking. FTX was also known for its low fees and its easy-to-use platform.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>StoryShot<\/strong> 3: The Bull Run<\/strong><\/h2>\n\n\n\n<p>In 2021, the cryptocurrency market experienced a major bull run. The prices of Bitcoin and other cryptocurrencies soared to new highs. FTX benefited from the bull run, and its revenue and profits grew rapidly.<\/p>\n\n\n\n<p>The bull run was fueled by a number of factors, including the COVID-19 pandemic, which led to increased demand for digital assets. The bull run was also fueled by institutional investors, such as hedge funds and pension funds, which began to invest in cryptocurrency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>StoryShot<\/strong> 4: The Bubble<\/strong><\/h2>\n\n\n\n<p>By the end of 2021, many experts were warning that the cryptocurrency market was in a bubble. They believed that the prices of cryptocurrencies were too high and that a crash was inevitable.<\/p>\n\n\n\n<p>There were a number of signs that the cryptocurrency market was in a bubble. For example, the prices of cryptocurrencies were rising at a much faster rate than the underlying value of the assets. Additionally, there was a lot of speculation and hype in the cryptocurrency market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>StoryShot<\/strong> 5: The Crash<\/strong><\/h2>\n\n\n\n<p>In 2022, the cryptocurrency market crashed. The prices of Bitcoin and other cryptocurrencies fell sharply. FTX was hit hard by the crash, and its revenue and profits plummeted.<\/p>\n\n\n\n<p>The crash was caused by a number of factors, including the rising interest rates set by the US Federal Reserve. The crash also caused by the collapse of TerraUSD, a stablecoin that was pegged to the US dollar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>StoryShot<\/strong> 6: The Fall<\/strong><\/h2>\n\n\n\n<p>In November 2022, FTX filed for bankruptcy. The company had lost billions of dollars in the market crash. Bankman-Fried resigned as CEO of FTX.<\/p>\n\n\n\n<p>FTX&#8217;s bankruptcy was one of the largest bankruptcies in the history of the cryptocurrency industry. The bankruptcy also caused significant losses for FTX&#8217;s customers and investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Final Summary and Review of Going Infinite<\/strong><\/h2>\n\n\n\n<p>Going Infinite is a fascinating story about the rise and fall of Sam Bankman-Fried and FTX. Lewis does a great job of explaining the complex world of cryptocurrency and the factors that led to FTX&#8217;s collapse.<\/p>\n\n\n\n<p>The book is also a cautionary tale about the dangers of investing in new and untested technologies. Cryptocurrency is a new and volatile asset class, and investors should be careful before investing in it.<\/p>\n\n\n\n<p>Overall, Going Infinite is a well-written and informative book. It is a must-read for anyone who is interested in the world of cryptocurrency or the story of Sam Bankman-Fried.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rating<\/h2>\n\n\n\n<p>How would you rate Going Infinite based on this summary and review?<\/p>\n\n\n\n<div class=\"wp-block-yet-another-stars-rating-visitor-votes yasr-vv-block\"><!--Yasr Visitor Votes Shortcode--><div id='yasr_visitor_votes_dd6ff92e914e0' class='yasr-visitor-votes'><div class=\"yasr-custom-text-vv-before yasr-custom-text-vv-before-92488\">Click to rate this book!<\/div><div id='yasr-vv-second-row-container-dd6ff92e914e0'\r\n                                        class='yasr-vv-second-row-container'><div id='yasr-visitor-votes-rater-dd6ff92e914e0'\r\n                                      class='yasr-rater-stars-vv'\r\n                                      data-rater-postid='92488'\r\n                                      data-rating='5'\r\n                                      data-rater-starsize='32'\r\n                                      data-rater-readonly='false'\r\n                                      data-rater-nonce='59f7d6dfab'\r\n                                      data-issingular='false'\r\n                                    ><\/div><div class=\"yasr-vv-stats-text-container\" id=\"yasr-vv-stats-text-container-dd6ff92e914e0\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\"\r\n                                   class=\"yasr-dashicons-visitor-stats\"\r\n                                   data-postid=\"92488\"\r\n                                   id=\"yasr-stats-dashicon-dd6ff92e914e0\">\r\n                                   <path d=\"M18 18v-16h-4v16h4zM12 18v-11h-4v11h4zM6 18v-8h-4v8h4z\"><\/path>\r\n                               <\/svg><span id=\"yasr-vv-text-container-dd6ff92e914e0\" class=\"yasr-vv-text-container\">[Total: <span id=\"yasr-vv-votes-number-container-dd6ff92e914e0\">2<\/span> Average: <span id=\"yasr-vv-average-container-dd6ff92e914e0\">5<\/span>]<\/span><\/div><div id='yasr-vv-loader-dd6ff92e914e0' class='yasr-vv-container-loader'><\/div><\/div><div id='yasr-vv-bottom-container-dd6ff92e914e0' class='yasr-vv-bottom-container'><\/div><\/div><!--End Yasr Visitor Votes Shortcode--><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Related Book Summaries<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.getstoryshots.com\/books\/cryptoassets-summary\/\" data-type=\"post\" data-id=\"49345\">Cryptoassets<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.getstoryshots.com\/books\/moneyball-summary\/\" data-type=\"post\" data-id=\"91216\">Moneyball<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Escuche el resumen y la rese\u00f1a del audiolibro Introducci\u00f3n Going Infinite: The Rise and Fall of Sam Bankman-Fried de Michael Lewis es un libro sobre el ascenso y la ca\u00edda de Sam Bankman-Fried, el fundador y CEO de la bolsa de criptodivisas FTX. Lewis cuenta la historia de c\u00f3mo Bankman-Fried convirti\u00f3 FTX en una de las mayores...<\/p>","protected":false},"author":13,"featured_media":92494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-92488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":2,"sum_votes":10},"taxonomy_info":{"category":[{"value":1,"label":"Coming soon"}]},"featured_image_src_large":["https:\/\/www.getstoryshots.com\/wp-content\/uploads\/Going-Infinite-Summary-1024x536.png",1024,536,true],"author_info":{"display_name":"Team StoryShots","author_link":"https:\/\/www.getstoryshots.com\/es\/books\/author\/fuzr6koxtahlfjcigcjjuadpexy2\/"},"comment_info":0,"category_info":[{"term_id":1,"name":"Coming soon","slug":"uncategorized","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":147,"filter":"raw","cat_ID":1,"category_count":147,"category_description":"","cat_name":"Coming soon","category_nicename":"uncategorized","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/posts\/92488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/comments?post=92488"}],"version-history":[{"count":8,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/posts\/92488\/revisions"}],"predecessor-version":[{"id":92557,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/posts\/92488\/revisions\/92557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/media\/92494"}],"wp:attachment":[{"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/media?parent=92488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/categories?post=92488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getstoryshots.com\/es\/wp-json\/wp\/v2\/tags?post=92488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}