{"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\/ja\/books\/going-infinite-summary\/","title":{"rendered":"\u30b4\u30fc\u30a4\u30f3\u30b0\u30fb\u30a4\u30f3\u30d5\u30a3\u30cb\u30c3\u30c8\u306e\u6982\u8981\u3068\u30ec\u30d3\u30e5\u30fc\uff5c\u30de\u30a4\u30b1\u30eb\u30fb\u30eb\u30a4\u30b9"},"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_af26698832c98' 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-af26698832c98'\r\n                                        class='yasr-vv-second-row-container'><div id='yasr-visitor-votes-rater-af26698832c98'\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='eb95609cc6'\r\n                                      data-issingular='false'\r\n                                    ><\/div><div class=\"yasr-vv-stats-text-container\" id=\"yasr-vv-stats-text-container-af26698832c98\"><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-af26698832c98\">\r\n                                   <path d=\"M18 18v-16h-4v16h4zM12 18v-11h-4v11h4zM6 18v-8h-4v8h4z\"><\/path>\r\n                               <\/svg><span id=\"yasr-vv-text-container-af26698832c98\" class=\"yasr-vv-text-container\">[Total: <span id=\"yasr-vv-votes-number-container-af26698832c98\">2<\/span> Average: <span id=\"yasr-vv-average-container-af26698832c98\">5<\/span>]<\/span><\/div><div id='yasr-vv-loader-af26698832c98' class='yasr-vv-container-loader'><\/div><\/div><div id='yasr-vv-bottom-container-af26698832c98' 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>\u30aa\u30fc\u30c7\u30a3\u30aa\u30d6\u30c3\u30af\u306e\u6982\u8981\u3068\u30ec\u30d3\u30e5\u30fc\u3092\u8074\u304f \u306f\u3058\u3081\u306b Going Infinite\uff1a\u30de\u30a4\u30b1\u30eb\u30fb\u30eb\u30a4\u30b9\u8457\u300e\u30b4\u30fc\u30a4\u30f3\u30b0\u30fb\u30a4\u30f3\u30d5\u30a3\u30cb\u30c3\u30c8\uff1a\u30b5\u30e0\u30fb\u30d0\u30f3\u30af\u30de\u30f3\u30fb\u30d5\u30e9\u30a4\u30c9\u306e\u8208\u4ea1\u300f\u306f\u3001\u6697\u53f7\u901a\u8ca8\u53d6\u5f15\u6240FTX\u306e\u5275\u8a2d\u8005\u517cCEO\u3067\u3042\u308b\u30b5\u30e0\u30fb\u30d0\u30f3\u30af\u30de\u30f3\u30fb\u30d5\u30e9\u30a4\u30c9\u306e\u8208\u4ea1\u3092\u63cf\u3044\u305f\u672c\u3067\u3042\u308b\u3002\u30eb\u30a4\u30b9\u306f\u3001\u30d0\u30f3\u30af\u30de\u30f3\uff1d\u30d5\u30ea\u30fc\u30c9\u304c\u3044\u304b\u306b\u3057\u3066FTX\u3092\u6700\u5927\u306e\u6697\u53f7\u901a\u8ca8\u53d6\u5f15\u6240\u306e\u3072\u3068\u3064\u306b\u80b2\u3066\u4e0a\u3052\u305f\u304b\u3092\u8a9e\u3063\u3066\u3044\u308b\u3002<\/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 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