While it is no secret that social media personality and former professional kickboxer Andrew Tate is a big fan of Bitcoin (BTC), he has recently shared a view that the flagship decentralized finance (DeFi) might, in fact, become the only acceptable monetary and investment choice.

Specifically, Tate has argued that the United States dollar was “f**ked,” along with real estate and many other investments, which the government might take away from their holders as tyranny grows worse, leaving the maiden cryptocurrency as the only option, according to his X post on April 28.

Andrew Tate Twitter lessons

As a reminder, the controversial influencer with mass following often uses X (formerly Twitter) to propagate his ideas, and in recent weeks, he has also revealed his Bitcoin dollar-cost averaging (DCA) strategy, according to which he has been buying BTC “every single week without fail” since 2018.

At the same time, he has endorsed Venom, the recently launched Layer-0 blockchain on the mainnet, predicting it “will be huge regardless” of whether or not his followers on social media buy it on his recommendation, and saying he didn’t care if they bought it either, as Finbold reported on April 15.

As it happens, Andrew Tate also referred to his earlier posts, including an invitation to his followers to sign up for a newsletter in which he would explain “how to get rich with crypto,” as well as a declaration that he had “found one” of the “genuinely technological useful or innovating blockchain coins.”

On the other hand, he had earlier also slammed the crypto community as the “biggest degenerate losers on the planet,” arguing that “crypto is the only scenario I can think of where you can make a whole bunch of money while benefitting society zero.”

Andrew Tate net worth

In early April, Tate asked his followers if he should “buy 10,000,000 of bitcoin,” indicating plans to buy $10 million worth of Bitcoin, adding up to the ‘Top G’s’ net wealth in the estimated range of between $4 million and $12 million, most of which comes from the cars that he owns together with his brother Tristan Tate.

On top of that, he has also made a claim of having profited about $85 million on “Defi land” during the previous bull run, acknowledging that there might be worthwhile digital assets out there and asking his followers whether they knew what these beneficial crypto assets were this time around.

Bitcoin price prediction 2040

Interestingly, long-term predictions for the price of Bitcoin are exceptionally optimistic, with artificial intelligence (AI) algorithms seeing it reaching a mind-blowing figure of $1.18 million by the end of the next decade or in December 2040, in line with other optimistic forecasts.

AI Bitcoin price prediction 2040. Source: CoinCodex
AI Bitcoin price prediction 2040. Source: CoinCodex

Meanwhile, Bitcoin was at press time trading at $62,330, which suggests a decline of 1.93% on the day, in addition to losing 5.56% across the week and adding up to the accumulated drop of 10.89% over the past month, according to the most recent chart data.

Bitcoin price 7-day chart. Source: Finbold

Notably, the largest asset in the crypto sector by market capitalization has continued to consolidate below $65,000, with technical analysis (TA) indicators and historical performances suggesting that it might be on the brink of a significant capitulation in the coming months.

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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