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Andrew Tate, a former professional kickboxer and social media mogul, says he spent $500,000 investing in Bitcoin in GameStop and other meme coin stocks to profit hedge funds.
“There's a hedge fund manager who wakes up tomorrow morning—if GameStop opens at its current price—to lose $13 billion,” Tate said. Twitter video. “His whole hedge fund!”
His Reddit-inspired hypothesis from 2021 concept Around the same stock. with Return of Roaring KittyThe Internet image that drove the movement—the meme stock mania—seemed to be in full swing.
“I'm putting out half a million dollars in bitcoin right now and I'm going to put it all in, high leverage, I'm going to put it all in these stocks,” Tate said. “We're losing all the money, we're taking down Wall Street, we're taking them down ourselves.
“I'm bringing down Wall Street, look at me,” he continued. “Make them crazy. Go crazy, all of you.
Tate says he doesn't care if he loses everything – the trigger is the failure of an unnamed hedge fund manager.
The swing of activity around GME stock has more than doubled its value in the past 24 hours—creating exchanges Stop trading at least six times. Monday – Meanwhile trigger Liquidation of 1.4 billion dollars According to investors, who bet on its rise Bloomberg. GME is trading at $32.50 as of writing, compared to $10 a month ago.
An unofficial Solana meme coin named in honor of Game Stop has released even more astronomical findings.
Tate then went further, shouting Occupy Wall Street Movement, which It was first triggered The first wave of interest in meme shares. Some investors Holding hedge funds accountable and other financial institutions for the 2008 financial crisis. Investing in hedge fund losing stocks is one form of revenge.
Tate went on a Twitter tirade, trolling GameStop stock and calling out WallStreetBets that he would never sell the stock at any price.
“This is about pissing off some dork somewhere on Wall Street with a vaccine and a little Johnson,” Tate said. Another video.
All this will come Between the influencer's experiment The crime of human trafficking and rape. A few weeks ago, a Romanian court said the trial of Tate and his brother could officially resume 10 months after they were charged. A few days ago the same court Extended restrictions Tet bans Romania from leaving for another 60 days. A trial date is yet to be set.
Edited by Ryan Ozawa.
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