It’s not like he will be spending the cash exclusively on blow, model escorts and yachts.

Part will go into real investments. And he is well positioned to time an AI pump and dump.

Only if the collateral he put up goes down in value too much

Yes, with the money he’d earn off the money he borrowed. This is why taxing unrealized gains is a national conversation. “It’s not money until you sell it” but you can borrow it like it’s money and make actual other money with it likes it’s money.