Watch part one of our crypto episodes here: https://www.youtube.com/watch?v=njLfmcQaeIo What does the recent history of crypto teach us about it today? FT Journalist Joshua Oliver won awards for his reporting of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried, known as SBF, who was sentenced to 25 years in prison for fraud and related crimes in March 2024. He has now written a book about it ‘Hype Machine: How Greed, Fraud and Free Money Crashed Crypto’. You can buy Josh’s book here: https://amzn.to/3xjRq8B Watch part one of our crypto episodes here: https://www.youtube.com/watch?v=njLfmcQaeIo This is not financial advice. Don’t invest in cryptocurrency unless you’re prepared to lose all the money you invest. You should not expect to be protected if something goes wrong. 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors: Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S3E6 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:44 - Intro 00:44-07:10 - Writing the book 07:10-14:45 - The gap between what crypto says it is and what it really is 14:45-17:54 - How centralised is crypto? 17:54-18:49 - Hostinger ad 18:49-22:46 - Journalists are terrible at predicting the future 22:46-26:37 - What SBF did at Alameda 26:37-35:23 - Bad actors or bad tech? 35:23-42:24 - Why did no one catch the fraud? 42:24-52:23 - Has the industry improved since 2022? 52:23-01:04:13 - Is there a crypto bubble?