Internet phenom and former kickboxer Andrew Tate has expressed a lack of trust in traditional financial platforms, and governments have pushed him to enter the blockchain space.
Andrew Tate: I lack trust in governments when it comes to crypto!
According to Tate in an episode of Anthony Pompliano’s podcast published Dec. 16, cryptocurrencies and blockchain offer individuals the chance to control their money and wealth rather than transacting with fiat.
Tate cited an incident where he was listed on travel for initiating a $900,000 cross-border transaction. Along this line, Tate pointed out that cryptocurrencies provide several advantages, such as eliminating the need for paperwork and rigorous controls related to fiat transactions.
“You can actually control and own your money. It’s okay with Bitcoin, so it solves a lot of problems; cryptocurrencies certainly do, and I think there are a lot of people who are forward-thinking and believe what I believe. I don’t even trust the government anymore. “I’m going crazy, Mr Blockchain, because that’s the only time I feel like I have control over things.”
Also, Tate stated that Bitcoin (BTC) continues to be the future of the financial world, emphasizing that it is an asset that the government cannot buy.
The need for fiat currency
Previously, Tate claimed that fiat currency is garbage, while calling cryptocurrencies great for different reasons, such as acting as a hedge against inflation.
“If you tried to send a million dollars like I did through a bank, you will see the levels of nonsense you have to endure. What I earn is my money and I’m sending it to someone. But I have to go through papers and questions and garbage for weeks,” he said.
Tate founded Hustler’s University, a website where members pay for advice on dropshipping, crypto trading, and affiliate marketing.
Finally, it’s worth noting that Tate emerged as an internet sensation that was kicked off major social media platforms in 2022 after his views on masculinity and misogyny went viral.