In accordance with his established communication style, the prominent influencer with a considerable following has indicated on the social media platform X (formerly Twitter) that he will refer to his followers as "losers" should the price of Ethereum reach $4,000, as evidenced by his post dated 22 May.

At the same time, Tate shared a post from early March in which he correctly predicted that Bitcoin would reach $70,000. As promised, he informed his viewers that they were losers if the flagship decentralised finance (DeFi) asset indeed crossed this important psychological barrier. 

Indeed, his enthusiasm appears to have been fuelled by expectations that the United States Securities and Exchange Commission (SEC) could approve the first spot Ethereum exchange-traded fund (ETF) at any time, which would have triggered a price surge. 

Andrew Tate's net worth

In April, Tate posed a question to his followers: "Should he buy 10,000,000 Bitcoins?" He offered only two options, "yes" and "no," and stated that he planned to purchase $10 million worth of Bitcoins. Based on this information, it can be estimated that Andrew Tate's net worth is between $4 million and $10 million. The majority of the $12 million fortune is derived from automobiles jointly owned with his brother, Tristan Tate.

Moreover, he asserted that he had amassed approximately $85 million from Defi Land during his previous bull run. He acknowledged the potential existence of valuable digital assets within the platform and invited his audience to speculate as to the nature of these assets.

Andrew Tate's Twitter teachings

As a reminder, the influencer frequently employs the use of X to disseminate his controversial ideas among his supporters. He has also disclosed his Bitcoin dollar-cost averaging (DCA) strategy, which entails the purchase of BTC on a weekly basis. Since 2018.

More recently, Tate announced his intention to abandon fiat currency entirely and to purchase over $100 million worth of Bitcoin. This decision followed his assertion that the largest asset in the crypto market represented the only acceptable monetary and investment option. These remarks were first reported by Finbold on 16 May and 29 April.

Meanwhile, Ethereum, which appears to be the most recent cryptocurrency to be recommended, was trading at $3,810.13 at the time of writing, representing a 1.53% increase in value over the course of the day, 26.38% growth over the past week, and 20.91% growth over the past month, approaching the price point predicted by Tate. According to the data from 23 May.

Robinhood to acquire cryptocurrency exchange Bitstamp! Robinhood to acquire cryptocurrency exchange Bitstamp!

Nevertheless, it is of the utmost importance to conduct thorough research, assess the associated risks, and monitor relevant Ethereum news, as the circumstances within this industry can fluctuate unexpectedly.

It should be noted that the content on this website should not be considered investment advice. Investing is inherently speculative. It should be noted that capital is at risk when investing.

Editor: David Goodman