- Andrew Tate is accused of attempting to scam his followers.
- The divisive internet personality denies endorsing crypto and NFT projects.
- Tate claims crypto investors lack the qualities to be successful in real life.
Cryptocurrency fraud is the bane of the industry, with billions of dollars lost annually to hacks, Ponzi schemes, and exit scams. While persistent risks hinder mainstream adoption, the influence of popular internet personalities, such as Andrew Tate, can cross that chasm, making the most obvious scam seem investable.
The latest Tate firestorm involves the divisive figure tweeting details of a new crypto project, which he later retracted following accusations he was trying to exploit his many millions of followers. However, true to form, Tate fired back, claiming he never endorsed a crypto project.
Tate Wants His Fans to Win
Despite posting about a new crypto project offering students of his “Hustlers University” early access, Tate claimed that he wants to protect his fans and has never endorsed a crypto or NFT project for financial gain.
"I refuse to have an Andrew Tate fan, who believes in Andrew Tate lose anything because I already have the dreams and aspirations of all the f*cking idiots out there who are gambling, I already have all the money in the world, I'm not going to hurt my own fans,” stated Tate.
Although Tate admitted to releasing an NFT collection, he reiterated that the NFTs were given away for free as part of the deal when purchasing his merch. Tate emphasized that this resulted in some collectors making money in the secondary market.
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In Tate’s view, pinning hopes of wealth on crypto or NFTs is the hallmark of “lazy losers” dreaming of getting rich quickly without putting the work in to become a better version of themselves. Tate underscored the importance of learning skills, discipline, and hard work to get ahead in the real world. Not speculative digital gambling.
You’re a “Brokie”
Expanding on the path of speculative digital gambling ruining individuals, Tate argued that the easy crypto money often interferes with one’s motivation to want to do well in life through sheer hard work and determination. Once someone experiences easy crypto money, they pin all their hopes on winning just another gamble, claimed Tate.
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“You're not going to wake up and say I'm going to be a hard worker, money is hard to make, I'm going to be disciplined, I'm going to be motivated. You're not one of them, you just want to win another gamble,” argued Tate.
Drilling home his anti-crypto sentiment, the divisive influencer positioned himself as a high-net-worth individual able to profit from the desperate “brokies” chasing speculative bets via his wealth and connections.
Tate also took the opportunity to pan NFT collectors for wasting millions on “JPEGs,” which, as he mentioned, can be copied, have no real-world value, and no one even cares about.
On the Flipside
- The Q4 2023 revival in NFT sales appears to have stalled per data from Crypto Slam.
- Tate stated that his crypto proposal was a joke not meant to be taken seriously.
Why This Matters
In classic Tate fashion, his response is to mock the outrage while flaunting his vast wealth. This incident highlighted the modern grey areas between online personality, peddler, and predator as they pertain to the crypto industry.
Read about Tate’s disappearing crypto project proposal here:
Andrew Tate’s $100M Crypto Launch Proposal Draws Criticism
Find out more on OPNX’s closure and the curse of 3AC here:
Here’s Why OPNX Exchange Is Closing: 3AC Strikes Again?
