Although the cryptocurrency community is familiar with Andrew Tate’s love for Bitcoin (BTC), the social media personality and former professional kickboxer also seems bullish on the market’s largest altcoin – Ethereum (ETH) – as he recently suggested it would surpass an important price level.
Indeed, true to his style of communication, the popular influencer with a massive following promised his followers on social media platform X (formerly Twitter) that he would call them all “losers” if Ethereum hits the price of $4,000, according to his X post on May 22.
At the same time, Tate shared his post from early March, when he correctly predicted that Bitcoin would reach $70,000 and, as promised, told his audience they were losers when the flagship decentralized finance (DeFi) asset, indeed, crossed this important psychological barrier.
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Indeed, his enthusiasm seems to stem from the expectations that the United States Securities and Exchange Commission (SEC) might approve the first spot Ethereum exchange-traded fund (ETF) any day now, which have also sparked a price rally.
Andrew Tate net worth
Elsewhere, in April, Tate asked his followers if he should “buy 10,000,000 of bitcoin” (offering only ‘yes’ options), indicating plans to buy $10 million worth of Bitcoin, adding up to the estimated Andrew Tate net worth between $4 million and $12 million, most of which comes from cars he owns with his brother Tristan Tate.
Furthermore, he has also claimed to have earned about $85 million on “Defi land” during the previous bull run, acknowledging that there might be worthwhile digital assets out there and inviting his audience to take a guess at what these valuable crypto assets were this time around.
Andrew Tate Twitter teachings
As a reminder, the influencer often uses X to propagate his often controversial ideas among his supporters, and 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.
More recently, Tate announced he was going to completely abandon fiat money and buy over $100 million worth of Bitcoin after he touted the largest asset in the crypto market as the only acceptable monetary and investment choice, as Finbold reported on May 16 and April 29.
Meanwhile, Ethereum, which appears to be his most recent crypto recommendation, was at press time trading at $3,810.13, getting closer to Tate’s predicted price as it advances 1.53% on the day, 26.38% across the week, and 20.91% in the past month, as per data on May 23.
That said, doing one’s own research, weighing all the risks, and keeping up with any relevant Ethereum news is critical when investing in the asset, as the situation in this sector can sometimes change unexpectedly.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
