According to Tate, cryptocurrencies and blockchain are offering individuals a chance to control their money and wealth as opposed to transacting in fiat, he said during an episode on Anthony Pompliano’s podcast published on December 16.
Tate cited an incident where he was put on a travel list for initiating a cross-border transaction involving $900,000. In this line, Tate pointed out that crypto comes with several benefits, such as eliminating the need for paperwork and rigorous checks associated with fiat transactions.
“You can actually control and own your money. <…> No problem with Bitcoin, so it fixes a whole bunch of problems; cryptocurrencies, it certainly does, and I think a lot of people who are forward thinking and believe the things I believe in. <…> I don’t even trust the government anymore <…> I’m going full crazy, Mr. Blockchain, now because it’s the only time I feel like I have control over things,” he said.
Furthermore, Tate noted that Bitcoin (BTC) remains the future of the financial world, stressing that it’s an asset the government cant take.
The need for fiat currency
Previously, Tate had alleged that fiat currency is trash while terming cryptocurrencies as amazing for different reasons, such as acting as a hedge against inflation.
“If you ever tried to send a million dollars, which I’ve done through a bank, you will see the levels of bullshit you have to go through. It’s my money that I made, and I’m sending it to somebody. But I have to go through weeks of papers and questions and garbage,” he said.
Indeed, Tate founded Hustler’s University, a website where members pay for advice on dropshipping, crypto trading, and affiliate marketing.
Finally, it is worth noting that Tate emerged as an internet sensation who was kicked off major social media platforms in 2022 after his views on masculinity and misogyny went viral.
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Featured image via Anthony Pompliano YouTube