The Dramatic Fall of a Crypto King

Cross a brilliant, but autistic young man with one of the new religions of modernity, and you get a financial implosion. FTX’s bankruptcy was, of course, a scandal in the world of cryptocurrency, but the great merit of Michael Lewis’s new book, Going Infinite, is to show how the disaster was also the story of a cult that appeals to the Mensa crowd. The moral of the story, therefore, is not so much legal—the need for greater regulation of crypto—as cultural: the need for humanistic education to direct STEM capacities and for a CEO’s keen judgment to be valued as much as his high IQ.

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