Is Andrew Tate preparing a multi-million dollar Bitcoin bet?

Although he has been making harsh comments about the cryptocurrency community, Andrew Tate seems to have a soft spot for the maiden crypto asset, Bitcoin (BTC) and has recently posted a hypothetical question on his social media profile on whether he should buy more.

As it happens, the former kickboxer and current controversial social media influencer asked the followers of his X profile Cobratate whether he should “buy 10,000,000 of bitcoin right now,” offering only the “yes” options in the poll he posted on April 2.

Andrew Tate Twitter poll

Indeed, Tate’s offering only the affirmative answers to his poll question indicates he plans on buying the flagship decentralized finance (DeFi) asset either way, although he did not make it clear whether he meant buying 10 million BTC coins or $10 million worth of Bitcoin.

That said, the latter is more likely, considering that there are currently only 19 million BTC in circulation, so if the former was the case, he would have to buy more than half of that figure, and even the anonymous Bitcoin creator has about 1.1 million. It would also mean spending over $660 billion, which Tate probably does not have.

On the other hand, buying $10 million worth of Bitcoin would afford him about 151 whole BTC coins, adding up to the ‘Top G’s’ net wealth of somewhere in the estimated range of between $4 million and $12 million, the majority of which comes from the cars that he owns together with his brother Tristan Tate.

Meanwhile, Andrew Tate has recently made a claim that he had profited about $85 million on “Defi land” during the previous bull run, as well as saying he purchased his first Bitcoin in 2018 and has been buying some “every single week without fail” ever since, as Finbold reported on March 30.

I bought my first bitcoin in 2018.

Since then, I’ve been buying some bitcoin every single week without fail.

And I’ve never, ever, not once – sold ANY.

Do you understand?

— Andrew Tate (@Cobratate) March 29, 2024

However, as some of the commenters pointed out, it would mean that Tate has been buying Bitcoin even while in jail in Romania, where he stayed for four months due to the accusations of rape, human trafficking, and organized crime for the purpose of sexual exploitation of women.

BTC price prediction

Meanwhile, the largest asset in the crypto sector by market capitalization was at press time trading at the price of $66,086, representing a 0.33% gain on the day, a loss of 5.68% across the week, and a 1.14% increase on its monthly chart, as per the most recent data on April 3.

It is also worth noting that several crypto trading experts have set their BTC price prediction between $100,000 this year and a massive $1,000,000 in 2025. Nevertheless, doing one’s own research is critical before investing, as this industry can sometimes be volatile.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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