United

Tate

Bitcoin

April

<div class="finbold"> 
 <p class="paragraph">Not long after he touted Bitcoin (BTC) as the only acceptable monetary and investment choice, social media personality and former professional kickboxer Andrew Tate announced he would completely abandon fiat money and purchase more than $100 million <a rel="dofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> of the maiden cryptocurrency.</p> 
 <p class="paragraph">Specifically, Tate voiced his disillusionment with traditional banks, their financial practices, and what he perceives as fraudulent schemes, announcing his intention to transition entirely from fiat currency to Bitcoin and plans to invest over $100 million into BTC, as shared in his X post on May 15.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
    <p lang="en" dir="ltr">I know I’m not supposed to do this in chaotic times but I’m about to leave fiat completely and ape over 100M into btc. <br><br>And I’ll even prove I did it. <br><br>I’m done with the banks. <br><br>I’m done with their money. <br><br>Done with the scams. <br><br>Then I’m going boating.</p>— Andrew Tate (@Cobratate) May 15, 2024 
   </blockquote> 
  </div>
 </figure> 
 <p class="paragraph">As the popular influencer further explained, he hasn’t done this yet because he actually had “more crypto than fiat” in his possession, but added that “I think I’ll just leave fiat completely,” which he earlier referred to as a “fiat ponzi scam cash that you self enslave to earn.”</p> 
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6"> 
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5"> 
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </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"> 
    </path> 
   </svg> Picks for you </h3> 
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0"> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April <span class="self-center text-xs text-slate-500">15 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Crypto trader turns $155,000 to $1.16 million in two days <span class="self-center text-xs text-slate-500">15 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Buy signal? XRP whales stack $55 million in two weeks <span class="self-center text-xs text-slate-500">16 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     2 cryptocurrencies to reach $100 billion market cap in the first half of 2024 <span class="self-center text-xs text-slate-500">17 hours ago</span> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <h2 class="wp-block-heading" id="h-andrew-tate-twitter-lessons">Andrew Tate Twitter lessons</h2> 
 <p class="paragraph">Indeed, many know Tate as a big fan of the flagship decentralized finance (DeFi) asset, having declared in late April the end of the United States dollar, along with real estate and many other investments, which the government might take away from their holders, leaving Bitcoin as the only option.</p> 
 <p class="paragraph">On top of that, he had indicated plans to buy $10 million <a rel="dofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> of Bitcoin, adding up to the ‘Top G’s’ estimated net wealth in the range between $4 million and $12 million, most of which comes from the cars that he owns together with his brother Tristan Tate, as Finbold reported on April 3.</p> 
 <p class="paragraph">Additionally, the former kickboxer has claimed to have earned around $85 million from “Defi land” during the previous bull run, as well as stated that he purchased his first Bitcoin in 2018 and has been buying some “every single week without fail” ever since (which means even when he was in jail in Romania).</p> 
 <p class="paragraph">Meanwhile, the price of the largest asset in the crypto market at press time stood at $66,179, marking a recovery in the amount of 6.43% in the last 24 hours, adding up to the weekly advance of 8.27% and accumulating a 4% increase on its monthly chart, as per data on May 16.</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> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/andrew-tate-to-dump-fiat-and-buy-100m-worth-of-bitcoin-tbt88501.html">https://thebittimes.com/andrew-tate-to-dump-fiat-and-buy-100m-worth-of-bitcoin-tbt88501.html</a></p>

Andrew Tate to dump fiat and buy $100M worth of Bitcoin

Table of Contents

TheBitTimes

Other articles published on May 16, 2024

Secret Network Tackles Crypto’s Key Issues: Privacy & RWAs

Bitcoin Options Experts Foresee Imminent Price Correction, Analysts Report

Baby Doge on Sol (DOGESOL) to Surge 13,000% as BitMart Listing Announced, While Shiba Inu and Dog...

Crypto Venture Capitalists Make a Comeback Amid Market Rally

Kaspa Price Action Mirrors Past Bullish Cycles: Expert Predicts Imminent 10-20X KAS Surge – Here’...

FTX Customers Express Frustration Despite 118% Payouts In Bankruptcy Case—Here’s Why

Join our free newsletter for daily crypto updates!