Andrew Tate announces crypto project on X (Twitter), deletes tweet amidst controversy

Andrew Tate, a widely recognized yet controversial influencer, recently ignited a flurry of discussions on social media platform X by announcing his intentions to launch his own cryptocurrency.

Tate claimed he would back the coin with $100 million of his own funds and promised early access and discounts to members of his Hustler’s University. However, the post was swiftly deleted, raising questions about his true intentions.

The situation garnered further attention when Coffeezilla, a known critic of dubious online schemes, labeled Tate’s proposed cryptocurrency venture as a “crypto scamcoin.”

This denouncement highlighted Tate’s apparent reversal from previous declarations made in May 2023, where he denied any involvement with cryptocurrency projects, asserting he “did not have anything to do with any crypto.”

Adding to the confusion, Tate responded to Coffeezilla’s accusations by dismissing his earlier post as a jest, leaving followers and critics to question the authenticity of his crypto ambitions.

Introduced to Bitcoin in 2014, Tate was an early investor in Bitcoin, recognizing its potential for significant wealth generation and incorporating it into his broader investment strategy.

However, in a notable shift in 2022, Tate publicly disavowed any connections with cryptocurrencies, particularly “shitcoins.” He expressed a strong stance against exploiting his audience for financial gain through crypto promotions, distancing himself from practices commonly associated with other influencers in the space.