Andrew Tate took to Twitter today with a series of tweets suggesting a major shift in his financial holdings.
Tate expressed his dissatisfaction with the traditional banking system, claiming scams and a general disillusionment with fiat currency.
Tate declared his intention to move a significant sum of money, exceeding $100 million, into Bitcoin (BTC).
Tate went further, promising to provide proof of the transaction. The tweets concluded with a cryptic message about “going boating,” leaving many to speculate about the sincerity and intent behind his statements.
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.
And I’ll even prove I did it.
I’m done with the banks.
I’m done with their money.
Done with the scams.
Then I’m going boating.
— Andrew Tate (@Cobratate) May 15, 2024
This bold declaration comes amidst ongoing legal issues for Tate, who faces serious charges including human trafficking and rape in Romania. Authorities have already seized various assets from Tate, including approximately 21 Bitcoins valued at around $560,000, alongside luxury cars and real estate worth millions
Tate’s relationship with cryptocurrency has been complicated. Despite his significant investment in Bitcoin and his vocal support for decentralized finance, he has expressed disdain for the speculative nature of cryptocurrency trading, likening it to gambling.
He has stated multiple times that he would never launch his own cryptocurrency, emphasizing a moral opposition to exploiting his followers for financial gain
Romanian prosecutors have targeted Tate’s digital and physical assets as part of their investigation, indicating that the wealth he amassed posed a potential flight risk. Despite this, Tate continues to be an influential figure in the cryptocurrency space, known for his controversial views and lifestyle.
