Andrew Tate has made a bold investment move, announcing that he’s converting $500,000 worth of Bitcoin into GameStop (GME) stock and meme coins. His aim is to challenge hedge funds, even if it means risking his investment.
Tate plans to leverage his investment fully, citing hedge fund managers as responsible for the financial system’s instability. This move coincides with GME stock doubling in value over the past day, prompting trading halts and significant losses for short-sellers. From $10 a month ago, GME is now at $32.50.
Tate is dealing with legal issues, including allegations of rape and human trafficking in Romania. The travel restrictions preventing him from leaving the country have been extended for another sixty days, with the trial date yet to be confirmed.
In his social media posts, Tate ties the current surge in meme stocks to the spirit of the Occupy Wall Street movement, applauding its ethos. He intends to hold onto his stocks indefinitely, aligning with the WallStreetBets community’s philosophy.
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