I know what makes everyone believe in crypto
Andrew Tate is a very polarizing figure. Banned from many social media platforms on Web2, mainly due to his comments about the role of women in society, he seems to be everywhere right now, despite being cancelled. Here are his views on crypto adoption.
Andrew Tate is estimated to be worth over $100 million. He started his career as a kickboxer with a record of 76 wins and nine losses. However, kickboxing was not where he made his true fortune. Now Tate owns several casinos in Romania and he has several 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 huge 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 makes you believe in crypto. “If you’ve ever tried to send a million dollars, which I’ve done through a bank, you’ll see the levels of nonsense you have to go through. It’s my money I’ve earned and I’m sending it to someone. But I have to go through weeks of paperwork and questions and rubbish and it bounces back and it’s blocked, then new slips of paper and letters from the IRS and interviews.
“Whereas with Bitcoin, I push two buttons, it costs me 35 cents and it’s done in three minutes. And there are too many people with a lot of money, who are tired of banks. That’s why Bitcoin will never go to zero. Because there are too many people with a lot of money who don’t want to play these games, whether they’re criminal or whether they’re legal. The banks just don’t like me trying to move my money. You’re giving me questions? Damn you. It’s therefore Bitcoin will never go to zero.”
Many have speculated how much money Tate has made from crypto trading. Tate said he bought $600,000 worth of Bitcoin when it was worth $5,400. That would give him 111.11 Bitcoins. In November 2021, Bitcoin reached its all-time high of $60,789. This would make Tate’s $600,000 Bitcoin worth nearly $6.8 million. Assuming he had the right exit strategy, it looks like Tate really came out on top using crypto.
Andrew Tate on NFTs
Tate is not a fan of NFTs. “I don’t want sons who are busy buying NFTs and say ‘Oh, I made some money’ and they have skinny arms and go to crypto conventions. And be silly. I don’t want nerds as kids. I refuse to let a nerd carry the name Tate. If my son is a nerd, one of us has to die. Him or me. And I will challenge him to mortal combat. Jesus Christ.”
Getting around bans
Andrew Tate has been canceled from most Web2 platforms. However, there is an alternative – Rumble. When he moved over to the Rumble, after being canceled on YouTube, bringing hundreds of thousands of viewers with him, pushing the Rumble app to the number one spot. It also caused the shares associated with Rumble, CVFI to go into action. So why does he release so much content to stay ahead of the world?
Despite being banned on several platforms, Andrew Tate keeps popping up on social media. It could be because he says overly ridiculous things to publicize his Hustle University venture. He is definitely fighting for social media marketing. He goes on podcast after podcast, sharing hot take, after hot take.
Hustler’s University operates as a pyramid scheme. Once a person has signed up for their course, they can earn money by getting others to join their course through an affiliate link. And they then get more people to join. And so on. The course advises that the best way to promote it is to spam his content all over the internet.
Hustle University
Not everyone who has ‘studied’ there is a fan. A student there says it’s not worth the money.
“I signed up a month ago. There are many subjects you can learn from that are good. I chose crypto because I trade so I can judge whether the information is good or not. And that’s pretty bad. Many of the lessons are just text that you have to read through. There are videos, but the videos are just screen captures with a low-quality voiceover from the ‘professors’. The information in the videos can be much more concise. In my opinion, I think if you are new to trading, I would be very confused after taking this course.”
Here’s Tate on a roll.
The Bans and Web3
Blockchain enthusiast and influencer Vic Laranja says the reason Andrew Tate was banned from every single social media platform at once is because of centralization. “Every platform we use today is a dictatorship. If these companies or their billionaire friends see you as a threat, that’s it. You’re gone. And in Tate’s case, he was such a massive threat that these giants banded together to delete it. The only solution is Web3. In fact, the biggest venture capitalists in all of crypto agree that Web3 is the only way we can take power back from these giants. Platforms built on a decentralized blockchain instead of a server will allow users to own their profile data, and if that user needs to be banned, the community will do so with a vote.”
Tate on making millions from crypto
While Tate has acknowledged that he has made a fortune in crypto markets, he says he doesn’t necessarily think this is a good thing for everyone.
“I was talking to a young guy the other day. When he was 22, he caught a crypto pump and made $4 million in the last Bull Run. And now all the coins have gone down. Anyway, he sold some, now he has $1.5. He says, ‘Yeah, so I’m waiting for the next pump!’ I said, the problem with you, bro, is that you’re broken for life. You’re 22, you made easy money, and you think you’ll never have to do any serious work.
“A crypto pump teaches you nothing. He didn’t learn sales, marketing, people management, stress tolerance, anything. Now he just gambles on shitcoins and waits for the next one to appear. He’s pointless, his ass will never want a proper job, and he has no skills.”
Tate is not a fan of what he calls “crypto people”. “Bitcoin is never going to save you, no matter how low or how high it goes. But it’s amazing how heavily people are leveraged into this crypto stuff. So if you get to a point in your life where you have to sit and look at a number of screen? And pray for it to go off? It’s ridiculous because you’ve removed your own control and your own power from your own life. There’s a degree of luck involved in all things. I’m not the type to wake up and say, “I need to check this number because it’s not high. I’m in trouble.” It’s ridiculous.”
Andrew Tate on Bear Markets
Crypto seems to be fine in Tate’s opinion as long as it benefits Tate himself. He believes that a market crash is a possibility. “Of course people are starting to say, ‘this is the end of Bitcoin!’ People don’t seem to understand yet that crisis and opportunity are the same thing. In fact, in Japanese they are the same word. And what most people do is go through life and see a crisis. You see the world being destroyed. You sees Corona, you see the American election being stolen. You see all these bad things happening, and you identify no opportunity under these circumstances. You sit there and think, ‘Oh, I’m going to keep doing my job. I’m going to keep working on Starbucks. And maybe one day when my ship comes in, I’ll make some money. Never!”
Ponzi schemes
Tate believes that most of the ways money is made on the planet is a Ponzi scheme. “I think stocks are a Ponzi scheme. And when I say Ponzi, I mean if you’re early, you make a bunch of money. And if you’re late, you get paid. Money doesn’t come out of thin air. Money comes not from heaven. So many people ask me about crypto: Hey, what are you doing with this coin? This coin?
“Most people don’t understand that the crypto market is player against player. And it’s funny because these new crypto coins are launching and they’re starting these telegram groups. These communities are all made up of the people who have bought the coin. They are in this community and they all act like they are friends.
“You are not friends. If you bought it for $1, you would sell it for a profit of $10. Someone has to buy it from you. It doesn’t just come from heaven. You sell it for more than you bought it for. There’s always going to be one guy who bought the top and it never goes up again. It’s all a Ponzi scheme.”
A fan of crypto
At the end of the day, Tate says he’s a fan of crypto. “I love crypto. And I love a crypto pump. Everyone does. When I say hurtful things about the crypto community, the point I’m trying to make is that a lot of people out here—especially men—are not prepared for wealth. And when I say they’re not are prepared for wealth, they have not been through the struggle that will allow them to become a man of caliber before they find money.
“They haven’t run to a fish stall, run to the gym, get punched in the face for money. They have never done that. So what happens when a 19-year-old kid catches a crypto pump on trash like Shiba? Now he’s a millionaire. Nice. This was blind luck. He’s never going to go out and get a job. The only thing he could ever think to do is try to get another pump. Now he’s actually a gambler for the rest of his life.”
Whatever you think of Andrew Tate, he raises some interesting questions that we should all have about big tech, crypto trading and ponzi schemes. And who doesn’t love a polarizing person who pushes our buttons?
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