Tate

Bitcoin

Opus

Guardian

<div class="finbold">
 <p class="paragraph">Andrew Tate is one of the most controversial personalities worldwide and a die-hard Bitcoin (BTC) enthusiast. In a recent post on March 29, Tate revealed his Bitcoin dollar-cost averaging (DCA) strategy.</p>
 <p class="paragraph">The former kickboxer and current social media influencer commented on X about his recurrent Bitcoin purchases since 2018. Notably, the post had already surpassed 2.5 million views by press time, giving a strong message to cryptocurrency investors.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I bought my first bitcoin in 2018. Since then, I’ve been buying some bitcoin every single week without fail. And I’ve never, ever, not once – sold ANY. Do you understand?”</p> <cite>– Andrew Tate</cite>
 </blockquote>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-full"><img decoding="async" width="930" height="450" src="https://cdn.thebittimes.com/images/2024/03/30/5785f9740c3792e51ad16a019cefe1d4.webp" alt class="wp-image-164979" srcset="https://cdn.thebittimes.com/images/2024/03/30/5785f9740c3792e51ad16a019cefe1d4.webp 930w, https://cdn.thebittimes.com/images/2024/03/30/5785f9740c3792e51ad16a019cefe1d4.webp 300w, https://cdn.thebittimes.com/images/2024/03/30/5785f9740c3792e51ad16a019cefe1d4.webp 768w" sizes="(max-width: 930px) 100vw, 930px">
  <figcaption class="wp-element-caption">
   Andrew Tate’s Bitcoin DCA <a rel="noopener noreferrer nofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a>. Source: X (formerly Twitter)
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-how-many-bitcoin-purchases-did-andrew-tate-make">How many Bitcoin purchases did Andrew Tate make?</h2>
 <p class="paragraph">Interestingly, Andrew Tate has allegedly made at least 274 Bitcoin purchases in his life, if he bought BTC “every single week without fail” since 2018.</p>
 <p class="paragraph">Finbold got to this number with Claude 3 Opus AI assistance. For that, we calculated the number of weeks from January 1, 2019, to March 30, 2024, resulting in nearly 274 weeks. It is impossible to know how many weeks in 2018 were part of Tate’s DCA <a rel="noopener noreferrer nofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a> with the revealed information.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="295" src="https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp" alt class="wp-image-164980" srcset="https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp 1024w, https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp 300w, https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp 768w, https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp 1536w, https://cdn.thebittimes.com/images/2024/03/30/b90dd1b2a3b4a80717ea898c4e4cfaf7.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Claude 3 Opus AI calculations on the number of weeks. Source: <em>NanoGPT</em>
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 </figure>
 <h3 class="wp-block-heading" id="andrew-tate-and-cryptocurrencies">Andrew Tate and cryptocurrencies</h3>
 <p class="paragraph">However, this is not the first time the crypto market has hints about the influencer’s investments in cryptocurrencies.</p>
 <p class="paragraph">In January 2023, the Romanian police seized millions worth of goods and assets as part of Tate’s criminal investigation. Among these assets, multiple sources report the seizure of 21 BTC, which, <em>Reuters</em> recently reported, are still under police custody.</p>
 <p class="paragraph">Previously, <em>The Guardian</em> reported how Andrew Tate told his listeners “that he flipped a $600,000 bitcoin investment from March 2020, turning it into a $12 million profit.” This podcast episode was removed from the content platforms. On that note, it contradicts Tate’s recent sayings that he has never sold any of the purchased Bitcoin.</p>
 <p class="paragraph">Additionally, the former kickboxer said, on March 18, this year, that he made $85 million on Pancake’s DeFi ecosystem in 2021’s bull run. This was a few weeks after Andrew Tate slammed crypto traders as the “biggest degenerate losers on the planet.”</p>
 <h2 class="wp-block-heading" id="what-is-a-dca-strategy">What is a DCA strategy?</h2>
 <p class="paragraph">The Bitcoin dollar-cost averaging strategy lies in the idea that an investor must make recurrent BTC purchases, following a plan. Essentially, these purchases must happen according to the plan, independent of the price Bitcoin is trading at that time.</p>
 <p class="paragraph">In particular, Andrew Tate’s self-reported Bitcoin DCA <a rel="noopener noreferrer nofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a> set recurrent weekly purchases, supposedly going on for over five years.</p>
 <p class="paragraph">By following this <a rel="noopener noreferrer nofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a>, investors diminish the risk exposure to Bitcoin’s volatility. If the price goes down, they will lower their average cost in dollars, embracing further buying opportunities that surge. On the other hand, if the price goes up Bitcoin DCA investors have guaranteed earlier purchases at lower prices, increasing the ending reward.</p>
 <p class="paragraph">Some experts consider the dollar-cost averaging <a rel="noopener noreferrer nofollow" title="strategy" href="https://thebittimes.com/tag/strategy.html">strategy</a> one of the most conservative and secure ways of getting exposure to Bitcoin. Nevertheless, it still has significant risks and results will vary according to the leading cryptocurrency price action.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/andrew-tate-reveals-his-bitcoin-dca-strategy-tbt83959.html">https://thebittimes.com/andrew-tate-reveals-his-bitcoin-dca-strategy-tbt83959.html</a></p>

Andrew Tate reveals his Bitcoin DCA strategy

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