Comment by rvz

The worst part was he was smirking.

At this point, people in tech are just as hated as bankers and the general public will see them as their enemies, taking away their job, but this time permanently.

Of course he knows there will be a crash in this, so its unsurprising to see this reaction. But the point is, Schmidt does not care either way as he stands to benefit and expects humanity to be paying for the tokens.

He is already prepared for the eventual backlash anyway.