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Andrew Tate Says He Can’t Stand Crypto Culture, Even While Profiting From It
Former kickboxer — and accused rapist and human trafficker — Andrew Tate said he wants to “fix” cryptocurrency, describing his plan as a way for “people to make money off of the things they should be making money off of.”
Tate, who was authorized to leave Romania while awaiting trial on criminal charges, he teamed up with cryptocurrency influencer and Rug Radio creator Michael “Topic Face” Jerome for a wide-ranging three-hour conversation on topics ranging from masculinity to COVID-19 vaccines to hedonism.
In addition to a separate British arrest warrant on rape and sexual assault charges, Tate is now accused of being a serial tax evader During his years in the UK, Tate was careful to avoid discussing his legal troubles in the interview and — somewhat reluctantly — explained his views on cryptocurrencies.
“My intention was to sit here and talk about everything other than crypto,” he told Jerome.
“My problem with crypto as a whole wasn’t that it made people rich. I’ve been in crypto for a long time,” Tate said. “I actually love crypto as an asset and I love crypto as a utility.
“If I spend large sums of money, I love doing it in crypto. It’s a lot easier than the bank — especially in my current situation,” he added.
Instead, Tate said it is the so-called degenerate culture surrounding cryptocurrencies that is “childish, stupid.”
“Crypto culture before I got into it a month ago was a mess,” he said.
Tate has been harshly critical of the crypto community for focusing solely on quick profits.
“I didn’t like crypto as a whole because the culture was based on getting in early, which I guess you could argue is a skill, but to some extent, it’s luck,” he said. “In the real world, if you want to get rich, it’s almost impossible to get rich without learning lessons along the way.”
As for the recent wave of celebrity meme coins, Tate said he’s different.
“I would say I’m one of the only influencers, if not the only one,” he said. “Attention is not influence, and celebrity cryptocurrencies have proven that recently for sure — they have attention, but they can’t convert it into influence.”
Tate said he has a plan to bring legitimacy and significant gains to the industry.
“Once I decided I was going to fix this. I decided I had to come up with an idea that would allow people to make money from the things they were supposed to make money from, which is hard work, which is dedication,” he said. “But before I could do anything in the crypto space, I had to prove that I was the king of the crypto space.”
Less than a month ago, Tate started promoting a meme coin Solana called $DADDY. Its value quickly rosedespite allegations of insider trading by blockchain observers, and quickly exceeded the value of celebrity Iggy Azalea’s $MOTHER token.
“I’m not altruistic. I’m not doing this because I’m a fucking nice guy — I want to be right. I want to prove that I can do this,” he said. “I could tweet something right now and double it. I could do whatever I wanted. I have magical powers.”
After previously teasing that he would be launching a “global tour” to promote $DADDY and his crypto vision, Tate said he would soon explain the plan in more detail.
“I will be releasing a very detailed video in the next few days explaining exactly how this will work,” he said.
As for Bitcoin, Tate said its proponents, or “maxis,” could be doing a lot more than talking about it, especially when “everyone wants Bitcoin at a million dollars, and that’s not happening. It’s going down.”
“They have this canned excitement and they’re just taking that potential energy and — instead of putting it into something positive, like going to the gym or starting another business so they can make fiat money to buy as much Bitcoin as possible — they take that energy and direct it at anyone who will listen to them about Bitcoin.”
During the conversation, Tate emphasized the value of leveraging profits to build successful businesses that hire people and evolve, in contrast to the cryptocurrency industry.
“If you make a few million dollars off a cryptocurrency, you haven’t helped anybody, you haven’t helped anybody, you haven’t fed anybody, you haven’t done anything good for anybody — you’ve just stolen a bunch of people’s outflow liquidity, that’s it,” he said.
Edited by Sebastian Sinclair.