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Viral sensation Andrew Tate claimed that fiat money is garbage, adding that “crypto is great for a lot of things,” including hedging for inflation.
British-American Tate made the comments during an appearance on Anthony Pompliano’s podcast.
His endorsement may prove to be a double-edged sword, however, as the former professional kickboxer turned lifestyle guru is surrounded by publicity and controversy in almost equal measure.
His business endeavors are called scams (in one case by his partner brother) and his hot opinions about money and women are directed at the kind of criticism usually reserved only for Alex Jones.
Bitcoin investor Pompliano interviewed the controversial figure May 2021, but sat on the set for over a year. In releasing the interview this week, Pompliano thought to add the understated statement, “I don’t agree with everything he says.”
Money, Bitcoin, Controversy
In a story many crypto advocates will be somewhat familiar with, Tate’s financial awakening began when he began researching money. Among the questions Tate asked were: “What is money? How do banks work? How does credit work? How does fractional reserve banking work?”
Eventually these kinds of questions led him to discover cryptocurrencies and Bitcoin, but the path was anything but direct. As Tate describes it, he first began the process of discovery as a madman who did not have enough money, and his research made him more distressed.
“That’s when I get madder,” he said Tate, “Because I’m like wow, the money trash and I don’t have. Now I’m really pissed off.”
At this point, however, Tate’s story takes a rather less than usual turn through a dark and twisted looking glass. His moment of financial awakening prompted the kickboxer to reevaluate his life and start his own business.
Beautiful women are an asset class, according to Tate
As Tate considered which avenues to pursue, his unique selling point shifted into focus – his ability to meet multiple women.
“I have about eight girlfriends,” Tate said as she told Pompliano about this “eureka” moment. Tate realized that the “beautiful women” he knew were an “asset class” from which he could make money.
Tate started his first webcam business by employing women he had met during his travels as a kickboxer. Starting in England with two women he had met in a romantic capacity, Tate quickly expanded the effort with the help of his brother Tristan.
Today, this business has been redistributed to Romania and employs around 75 women. They dress in underwear and chat with single men online encouraging men to tip for the service. Tate and Tristan are open about coaching women to come up with sob stories to extract bigger sums. In Marchwhen asked about the business by The Sunday Mirror“It’s all a big hoax,” Tristan told the British newspaper.
Tate as a financial guru
Tate’s webcam business isn’t Tate’s only revenue stream. The previous Big Brother The contestant also owns “Hustlers University”, a business that teaches people how to make money.
Andrew Tate’s new viral status owes a lot to the marketing of this business, which includes fast cars, guns and girls in bikinis. The result of this campaign looks like the childhood fantasy of a 14-year-old, aka Dan Bilzerian’s Instagram account.
Tate, however, doesn’t like the comparison between the two, as when Pompliano calls him “The Bilzerian of Eastern Europe,” he immediately sets the record straight.
“Dan is more of a customer and I’m more of a pimp,” says Tate.
Hustlers University has 100,000 members
Tate’s recent notoriety and University Hustlers claims have prompted “internet detective” Coffeezilla to investigate. According to Coffeezilla, the business has over 100,000 members who each pay a monthly membership fee of $50.
The core promise of Hustler University is that Tate can guide his students to become just as filthy rich as him. It’s a well-worn business model shared by such other “gurus” as Tommy Vu, John Crestani and Grant Cardone.
According to Coffeezilla, howeverTate is “much more effective and perhaps dangerous” than most.
As for the enrichment part, Coffeezilla states that many of the courses at Hustlers University teach students how to market Andrew Tate and Hustlers University. With 100,000 registered “students”, Tate has an army of merchants to further promote his reputation and increase his wealth.
Bitcoin Trouble Ahead
In Pompliano’s 1 hour 40 minute interview, Tate shares his unique thoughts on a range of topics including money, cryptocurrency, Bitcoin, women, politics and racism.
While Tate is quick to point to Bitcoin and cryptocurrencies as an inflation hedge, he also sees another advantage.
“I don’t want cash,” Tate said. “I want something else. Give me an asset, ok how do I get an asset that the government can’t take? Bitcoin.”
Tate continued by asking Pompliano directly, “What’s the other answer? Will you tell me brother, maybe you know something I don’t – is there anything else?’
As the gears visibly change in Pompliano’s head, the Bitcoin investor changes the subject, choosing not to offer “I can’t touch that” financial advice to the man sitting in front of him.
Denial of responsibility
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