Andrew Tate Renounced Cryptocurrency—Yet He’s Promoting a Personal Digital Currency Andrew Tate Disavowed Crypto—Now He’s Pitching His Own Coin
On Twitter, Andrew Tate proposed the creation of a personal cryptocurrency, supported by a $100 million investment from his own funds. However, he withdrew the suggestion after it was met with less than enthusiastic responses. Tate, who has openly expressed misogynistic views and faces accusations of human trafficking, had previously distanced himself from cryptocurrency the previous summer. “I am not involved with cryptocurrency in any way,” he declared emphatically on Twitter using uppercase letters. I am not a fraudster like many other social media personalities. “I have no need to steal from my supporters.” Tate has experienced a tense and challenging interaction with cryptocurrency, specifically with Bitcoin. A notable part of his public image was founded on the display of immense wealth, which was partly accumulated through investments in Bitcoin. Facing charges of rape and human trafficking, authorities in Romania confiscated several million dollars’ worth of assets from him, including real estate, high-end vehicles, fancy timepieces, and 21 Bitcoin. According to a recent report by Protos, he may regain possession of the 21 confiscated Bitcoins and appears to be considering launching his own cryptocurrency. In a proposal for his cryptocurrency, which has since been removed, he claimed he would support it with $100 million and would offer advance access at a reduced rate to participants of his purported “university,” vowing never to sell his share of the coin. He assured them that, as the most renowned living individual, he would endorse it across multiple platforms, allowing everyone to profit.