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Andrew Tate is likely one of the most controversial personalities worldwide and a die-hard Bitcoin (BTC) fanatic. In a latest publish on March 29, Tate revealed his Bitcoin dollar-cost averaging (DCA) technique.
The previous kickboxer and present social media influencer commented on X about his recurrent Bitcoin purchases since 2018. Notably, the publish had already surpassed 2.5 million views by press time, giving a powerful message to cryptocurrency buyers.
“I purchased my first bitcoin in 2018. Since then, I’ve been shopping for some bitcoin each single week with out fail. And I’ve by no means, ever, not as soon as – offered ANY. Do you perceive?”
– Andrew Tate
What number of Bitcoin purchases did Andrew Tate make?
Curiously, Andrew Tate has allegedly made no less than 274 Bitcoin purchases in his life, if he purchased BTC “each single week with out fail” since 2018.
Finbold received to this quantity with Claude 3 Opus AI help. For that, we calculated the variety of weeks from January 1, 2019, to March 30, 2024, leading to almost 274 weeks. It’s inconceivable to know what number of weeks in 2018 had been a part of Tate’s DCA technique with the revealed info.
Andrew Tate and cryptocurrencies
Nonetheless, this isn’t the primary time the crypto market has hints concerning the influencer’s investments in cryptocurrencies.
In January 2023, the Romanian police seized hundreds of thousands price of products and belongings as a part of Tate’s prison investigation. Amongst these belongings, a number of sources report the seizure of 21 BTC, which, Reuters lately reported, are nonetheless beneath police custody.
Beforehand, The Guardian reported how Andrew Tate instructed his listeners “that he flipped a $600,000 bitcoin funding from March 2020, turning it right into a $12 million revenue.” This podcast episode was faraway from the content material platforms. On that word, it contradicts Tate’s latest sayings that he has by no means offered any of the bought Bitcoin.
Moreover, the previous kickboxer mentioned, on March 18, this yr, that he made $85 million on Pancake’s DeFi ecosystem in 2021’s bull run. This was just a few weeks after Andrew Tate slammed crypto merchants because the “greatest degenerate losers on the planet.”
What’s a DCA technique?
The Bitcoin dollar-cost averaging technique lies in the concept an investor should make recurrent BTC purchases, following a plan. Primarily, these purchases should occur in keeping with the plan, impartial of the value Bitcoin is buying and selling at the moment.
Particularly, Andrew Tate’s self-reported Bitcoin DCA technique set recurrent weekly purchases, supposedly happening for over 5 years.
By following this technique, buyers diminish the chance publicity to Bitcoin’s volatility. If the value goes down, they are going to decrease their common value in {dollars}, embracing additional shopping for alternatives that surge. Alternatively, if the value goes up Bitcoin DCA buyers have assured earlier purchases at decrease costs, growing the ending reward.
Some specialists think about the dollar-cost averaging technique one of the conservative and safe methods of getting publicity to Bitcoin. Nonetheless, it nonetheless has vital dangers and outcomes will differ in keeping with the main cryptocurrency value motion.
Disclaimer: The content material on this web site shouldn’t be thought of funding recommendation. Investing is speculative. When investing, your capital is in danger.
