How Much Did Andrew Tate Lose on His $100 Million Bitcoin (BTC) Investment?

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Popular influencer Andrew Tate might have made a significant cryptocurrency investment on May 15, 2024, as evidenced by a post on platform X, where he claimed to be preparing to abandon fiat currencies. Specifically, Tate claimed he was planning to make a $100 million Bitcoin (BTC) purchase, a move that would have seen him acquire a substantial amount of the flagship digital asset. However, the influencer later downplayed the announcement, suggesting that he might not have actually made the purchase. Nevertheless, there is little doubt that Tate does own a significant amount of cryptocurrency. “I haven’t done this yet because I actually have more crypto than fiat. But I think I’ll just leave fiat completely.” If the post was genuine and not an attempt to generate social media buzz, it appears that the influencer’s decision to abandon fiat currencies and the ‘scams' came to a head on June 25, 2024, a little over a month later, as the price of Bitcoin took a massive nosedive. As a result, Finbold decided to investigate how much the influencer might have lost by abandoning fiat currencies on May 15.

How much did Tate lose on the $100 million BTC investment

Based on the timing of Andrew Tate’s initial tweet, it appears likely that the May 15 purchase would have been made during the afternoon of the day. This is a time when Bitcoin was last trading close to the $66,000** level. Assuming the influencer **did** purchase **$100 million worth of BTC on the date, he would have acquired approximately 1,515 Bitcoins. Given the coin’s significant decline in the last 30 days, the investment would be worth just over $92 million at press time on June 25.

Tate’s Bitcoin losses unlikely to be permanent

Although Tate’s potential—and likely unrealized—losses of $8** million are nothing to scoff at, technical analysis (TA) reveals they are not likely to last. In fact, earlier on June 25, TD Sequential—a tool used to identify likely trend reversals by analyzing historical performance—flashed a significant buy signal hinting at an imminent BTC rally. Bitcoin’s price actions since the day started hint that technical analysis may be correct about the cryptocurrency. This is because BTC evaded falling below **$59,000 and, in fact, crossed back above the $61,000 price level.

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