> What has he to gain from all these? Assuming the bubble will burst in the end. Fortune? He will get his salary over the course of the bubble. I am not entirely sure how he can make money if in the end the money runs out.

He can make a TON of money by making the company into a for-profit with stocks he can sell. He can do this very very quickly before the bubble pops. This is the real reason he has been pushing for the for-profit change to happen soon. So he doesn't have to rely on salary and instead the equity. As long as he gets out before the burst, he'll have his fortune

Why did/do so many people still invest in/create crypto even when they know it's fraudulent?

    > Ever since he asked for a Trillion dollar to build Fabs

To be clear (and to pile on to his absurdity a bit more here), he said 5-7 trillion USD. Much more than "a" trillion!

Oh yes Thank you for the correction. I remember it was some insanely ridiculous number in the trillion. And then talking about instead of UBI how about giving Universal Basic Compute.

Presumably he’s at least partly conning himself.

Bubbles are defined by delusional speculation. The beliefs are the motivation; there's no reason.

He'll get the next funding round.