Andrew Tate’s $100M Crypto Launch Proposal Draws Criticism
- Andrew Tate’s recent post suggested a reverse stance on crypto.
- The social media personality shared a big announcement before deleting it.
- The announcement drew criticism from keen observers.
Flamboyant entrepreneur and social media personality Andrew Tate stirred heated discussions online on Friday after revealing plans to launch his flagship cryptocurrency and back it with millions of dollars.
In a now-deleted post shared on February 2, the self-proclaimed “most famous man alive” told his 8.7 million followers to give him 50K retweets and “it’s a done deal” to launch the cryptocurrency.
Per the deleted post, the cryptocurrency would be backed by $100 million of Tate’s “own money,” which he promised never to divest.
While Tate’s followers might have welcomed the news, as the influencer promised them an “early discount” on top of making them rich by promoting the coin “everywhere,” notable crypto personalities quickly bashed the idea.
Andrew Tate’s Reverse Stance on Crypto Draws Criticism
Despite deleting the post, Tate’s original announcement didn’t fly under the radar of keen observers, including Stephen Findeisen, a.k.a. Coffeezilla, a popular YouTuber who investigates online scams.
Taking to X, Coffeezilla referred to Andrew Tate’s possible cryptocurrency as a “crypto scamcoin,” noting that the social media personality had backtracked on his earlier sentiments and skepticism about crypto projects.
Coffeezilla was referring to a last year X post of Tate telling his followers that “he did not have anything to do with crypto” projects or their endorsement. Tate reiterated that he was not a “scammer like every other influencer,” noting that he didn’t need to “rob” his fans.
The social media influencer had not shared any other update on the crypto project at press time.
Read about crypto influencer Ben Armstrong quitting his show:
Ben ‘Bitboy’ Armstrong Quits Daily Crypto Livestream Shows
Stay updated on Bitboy’s recent charity plea:
‘BitBoy’ Charity Plea Met with Skepticism and Mockery
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polkadot Price Prediction: DOT Pumps 55% In A Week, But Experts Say This Might Be The Best Crypto To Buy Now
What it’s going to take to hit $100K
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Why analysts are upping price targets for MSTR and COIN
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago