In the midst of a terrible war in Gaza, why would I be reading a book about Sam Bankman-Fried (SBF)? That book is Michael Lewis’s “Going Infinite: The Rise and Fall of a new Tycoon.” Coincidently, the book came out just a few days before Bankman-Fried went on trial for fraud. There were two main reasons I wanted to read the book. First, I wanted to learn how SBF had made so much money before his world collapsed. Second, I hoped I would finally understand how and why bitcoin and some other crypto coins gained value, going from zero to tens of thousands of dollars, sometimes seemingly overnight. Here is what I learned. SBF got rich early in his career as a securities trader working at a compan
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