While it is no secret that social media personality and former professional kickboxer Andrew Tate is a big fan of Bitcoin (BTC), he has recently shared a view that the flagship decentralized finance (DeFi) might, in fact, become the only acceptable monetary and investment choice.
Specifically, Tate has argued that the United States dollar was “f**ked,” along with real estate and many other investments, which the government might take away from their holders as tyranny grows worse, leaving the maiden cryptocurrency as the only option, according to his X post on April 28.
The dollars fucked. Real estate (and most other investments) they will take off you once you don’t comply with their tyranny. And the tyranny will become worse than ever. Leaving bitcoin. There’s no other option.
— Andrew Tate (@Cobratate) April 28, 2024
AI Bitcoin price prediction 2040. Source: CoinCodex
Meanwhile, Bitcoin was at press time trading at $62,330, which suggests a decline of 1.93% on the day, in addition to losing 5.56% across the week and adding up to the accumulated drop of 10.89% over the past month, according to the most recent chart data.
Bitcoin price 7-day chart. Source: Finbold
Notably, the largest asset in the crypto sector by market capitalization has continued to consolidate below $65,000, with technical analysis (TA) indicators and historical performances suggesting that it might be on the brink of a significant capitulation in the coming months.
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