Andrew Tate Confirms Purchase of $100 Million Worth of Bitcoin, Leaving Behind Fiat Currency

Andrew Tate Confirms Purchase of $100 Million Worth of Bitcoin, Leaving Behind Fiat Currency

**Ex-Kickboxer Andrew Tate Plans to Purchase $100 Million in Bitcoin** Former kickboxer and social media influencer Andrew Tate has announced his intention to invest over $100 million in Bitcoin (BTC). "I know this is the wrong thing to do in these uncertain times, but I'm quitting fiat money completely and buying $100 million worth of Bitcoin," Tate wrote in a tweet. "Banks are finished, their money is finished, the fraud is finished. I'm going on a boat." Tate's decision to invest heavily in Bitcoin comes after he recently sold $500,000 worth of BTC to purchase meme stocks such as GameStop (GME). He believes that Bitcoin is a better long-term investment than fiat currencies, which he views as being controlled by banks and governments. Tate's announcement has generated a lot of attention from the crypto community. Many people are praising him for his decision to invest in Bitcoin, while others are criticizing him for his timing. However, it is clear that Tate is a strong believer in the future of Bitcoin and is willing to put his money where his mouth is. Previously on May 15, 2024, Andrew Tate had hinted at acquiring $100 million worth of Bitcoin, citing his concerns about the declining value of fiat currencies and the instability of the banking system.