Key Takeaways
- Andrew Tate plans to invest $100 million in Bitcoin.
- Tate has criticized fiat currency and expressed interest in cryptocurrency.
- Bitcoin's price has been bullish in 2024, with further growth expected.
Andrew Tate has announced his intention to abandon fiat currency and invest over $100 million in Bitcoin.
In a recent post on X, Tate declared:
I’m done with the banks. I’m done with their money. Done with the scams.
This move comes amid growing criticism of the US dollar, which has been losing value due to rising inflation and interest rate hikes.
Despite the bold statement, Tate mentioned in a follow-up post that his decision is not yet final. He pointed out that he currently holds more cryptocurrency than fiat and is considering a complete transition away from traditional currency.
He added:
I might leave fiat completely.
Tate has become a notable proponent of Bitcoin.
His enthusiasm for Bitcoin has only grown, although his current cryptocurrency wallet and total Bitcoin holdings remain undisclosed.
