⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here

      

Andrew Tate to Exchange Fiat for $100M Worth of Bitcoin

Social media star and former professional kickboxer Andrew Tate recently announced his intention to abandon fiat money and invest over $100 million in Bitcoin (BTC). This move follows his outspoken support for Bitcoin as the only viable monetary and investment option.

Tate criticized traditional banks and their financial practices, describing them as fraudulent schemes. He declared his plan to transition entirely from fiat currency to Bitcoin, sharing this decision in a post on X on May 15. Tate admitted he hasn’t made the move yet because he currently holds more cryptocurrency than fiat currency. However, he expressed his growing dissatisfaction with fiat money, which he has referred to as a “fiat ponzi scam cash that you self-enslave to earn.”

Key Points:

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

  • Andrew Tate plans to invest over $100 million in Bitcoin.
  • He criticizes traditional banks and their financial practices.
  • Tate plans to completely transition from fiat currency to Bitcoin.

Tate’s bold statement underscores his commitment to cryptocurrency and his belief in Bitcoin’s potential as a stable investment amidst financial uncertainties.

Andrew Tate’s Bitcoin Plans: $100M Investment and Critique of Fiat Currency

Andrew Tate, a well-known supporter of decentralized finance (DeFi), recently declared his intention to invest over $100 million in Bitcoin (BTC). He has previously criticized the US dollar, real estate, and other investments susceptible to government seizure, promoting Bitcoin as the only viable alternative.

Bitcoin Price

Tate had earlier expressed plans to buy $10 million in Bitcoin, with his estimated net worth ranging between $4 million and $12 million. Most of his wealth comes from assets like luxury cars he owns with his brother Tristan Tate. He claims to have earned around $85 million from “DeFi Land” during the last bull run and has been consistently buying Bitcoin since 2018.

At the time of writing, Bitcoin was priced at $66,179, showing a 6.43% recovery in the last 24 hours, an 8.27% weekly gain, and a 4% monthly increase, according to data from May 16.

Key Points:

  • Andrew Tate plans a $100 million Bitcoin investment.
  • Criticizes fiat currency and traditional investments.
  • Consistently buys Bitcoin since 2018, including while in jail.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Avatar
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles