Former kickboxer and social media personality Andrew Tate’s recent activities and commentary have increasingly focused on the financial world.
Notably, Tate has shown a keen interest in investments in the crypto and traditional finance sectors, preferring products that seem to align with his strategic financial goals and risk appetite.
In this regard, the following are some investment products that Tate has shown an inclination toward.
DADDY token supply distribution. Source: Solscan
Tate has consistently promoted the token as a new alternative, foreseeing significant growth to reach a $1 billion market cap. The token has risen about 20% in the last 24 hours.
Bitcoin
In May this year, Tate expressed dissatisfaction with the fiat money system, pushing him to consider Bitcoin (BTC). He noted that he plans to invest a large amount of money in Bitcoin.
Tate has voiced his frustration with banks and what he terms their associated scams, declaring his intention to prove his investment in Bitcoin. This aligns with Bitcoin’s tenets of addressing the shortcomings of the traditional finance sector.
I know I’m not supposed to do this in chaotic times but I’m about to leave fiat completely and ape over 100M into btc. And I’ll even prove I did it. I’m done with the banks. I’m done with their money. Done with the scams. Then I’m going boating.
— Andrew Tate (@Cobratate) May 15, 2024However, Tate’s preference for Bitcoin has also landed him in trouble. Romanian authorities have seized assets such as Bitcoin from Tate. At one point, he was accused of promoting Bitcoin as a form of tax avoidance. His bet will likely pay off, considering that Bitcoin gained over 43% in 2024.
GameStop
The social media personality has also been involved in the meme stock frenzy, with GameStop (NYSE: GME) being his preferred target. Tate claimed he participated in the downfall of hedge funds by investing $6 million in GameStop.
According to him, these decisions could reap rewards if investors boldly select products to invest in. At the same time, Tate committed to holding 2,148.22 GME shares indefinitely, regardless of the stock’s performance. Despite his bullish stance, Tate has claimed he has lost significant amounts in GME. However, GME has gained almost 58% year-to-date to trade at $26 by press time.
100k GME @ 46.552148.22 Shares@SECGov @BarackObama @JoeBiden @Madonna HAHAHAHAHAHAHAHAHAHAHA. ??
— Andrew Tate (@Cobratate) June 7, 2024Overall, it remains challenging to determine Andrew Tate’s investment strategy based on the various sectors he is involved in. However, it is clear that he is interested in diversifying his investments across popular assets among retail investors.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
