I watched Chamath call in live to a spac scammers live stream. This scammer drove a beater and would pump various spac warrants on his way home from the warehouse job on twitch.
I was like wtf is a former FB executive doing showing up on this scammer live stream.
This particular scammer got lucky on one of his spacs when it actually made a deal and from that he made quite the following.
Chamath used this guy to pump his spacs because if the spac was pumping before there was even a deal it was easier for him to make the deal.
I think all of Chamaths spacs are penny stocks now with multiple reverse splits to stay above $1.
Edit: Except for SOFI the one good deal he made.
Only insiders know to what extent the strategic reserve currency scam will go through and whether to hold or sell.
There was a meme coin scam for insiders.
All these create volatility that could be exploited by front runners.
No wonder Musk wants to deregulate everything. Regulation interferes with the telemedicine, gut bacteria powders and various other nonsense that these gentlemen invest in.
The (deliberate?) chaos that Trump/Musk create provides great opportunities for those in the know.