Andrew Tate is a very polarizing figure. Banned across many Web2 social media platforms, mainly because of his comments about women’s role in society, he seems to be everywhere right now, despite being cancelled. Here is his take on crypto adoption.
Andrew Tate is estimated to be worth over $100m. He started off his career as a kickboxer with a record of 76 wins and nine losses. However, Kickboxing wasn’t where he made his true wealth. Now, Tate owns several casinos in Romania, and he has multiple investments in assets such as Bitcoin. His impressive car collection includes a $250,000 Aston Martin and his famous $3.95m Bugatti Chiron.
Tate’s online course, called “Hustle University” is a massive success, with over 50,000 students worldwide. They pay him a monthly fee of $49. That alone brings him in around $2.5 million monthly.
Andrew Tate on Crypto
Andrew Tate says he can tell you what will make you believe in crypto. “If you ever tried to send a million dollars, which I’ve done through a bank, you will see the levels of bullshit you have to go through. It’s my money that I made and I’m sending it to somebody. But I have to go through weeks of papers and questions and garbage. And it bounces back and it’s blocked, then, new pieces of paper and letters from tax authorities and interviews.
“Whereas with Bitcoin, I press two buttons, it costs me 35 cents and it’s done in three minutes. And there’s too many people with a lot of money, who are tired of banks. That’s why Bitcoin will never go to zero. Because there’s too many people with a bunch of money who do not want to be playing these games, whether they’re criminals, or if they’re legit. The banks just don’t like that I’m trying to move my money. You’re giving me questions? Fuck you. That’s why Bitcoin will never go to zero.”
Many people have speculated about how much money Tate has made with crypto trades. Tate said he bought $600,000 of Bitcoin when it was worth $5,400. That would give him 111.11 Bitcoins. By November of 2021, Bitcoin reached its all-time high of $60,789. This would make Tate’s $600,000 of Bitcoin worth nearly $6.8m. Assuming he had the right exit strategy, it looks like Tate really did come out on top using crypto.
Andrew Tate on NFTs
Tate is not a fan of NFTs. “I will not have sons who are busy buying NFTs and say ‘Oh, I made a little bit money’ and they have skinny little arms and go to crypto conventions. And be dorks. I won’t have nerds as children. I refuse to have a nerd carry the name Tate. If my son is a nerd, one of us has to die. Him or me. And I’ll challenge him to mortal combat. Jesus Christ.”
Getting Around Bans
Andrew Tate has been cancelled from most Web2 platforms. However, there is an alternative – Rumble. When he moved over to Rumble, after being cancelled on YouTube, be brought hundreds of thousands of viewers with him, and pushed the Rumble app to the number one spot. It also made the stock associated with Rumble, CVFI, go gangbusters. So why is he outputting so much content to keep himself in front of the world?
Despite being blanket-banned on multiple platforms, Andrew Tate keeps popping up on social medi
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