Andrew Tate Buys $5 Million Worth of Bitcoin Hours Before Crash

Andrew Tate, an entrepreneur and social media personality, has shown resistance to Bitcoin despite the extensive bloodbath of the crypto market.

In a recent X post today, the famous social media personality disclosed consider buying the dip in Bitcoin, scooping 50 BTC for just $101,000 each.

As such, Tate will invest more than $5 million in the leading cryptocurrency, despite high market volatility that sent Bitcoin falling below the crucial $100,000 level following his announcement.

Tate remains bearish on Bitcoin

Tate’s decision to buy Bitcoin at a discount of $101,000 came just a few weeks after he predicted that Bitcoin could crash as low as $26,000.

While Tate is known for his mixed feelings about mainstream cryptocurrency, his bearish prediction for Bitcoin has drawn both skepticism and debate in the crypto community.

As such, the market community expressed surprise at his decision to buy Bitcoin for $101,000, suggesting a change in Tate’s expectations regarding Bitcoin’s long-term outlook.

Now, as Bitcoin struggles to hold above $100,000 amid the broad crypto market bloodbath that has ignited a sharp price correction for BTC, Tate appears poised to double down on his long-term belief in Bitcoin’s price potential.

Commentators have shown mixed reactions to Tate’s latest Bitcoin purchase plan, as the announcement seems to have caught the attention of market participants.

Bitcoin may retest $70,000

While curiosity about the reason for Tate’s Bitcoin purchase plans has grown, some believe that it is just an emotional purchase near a cycle cycle. An analyst warned that the ongoing price movement signals late-stage bull market behavior, noting that Bitcoin could be on the verge of a deeper correction that could see it retest the $70,000 level in early 2026.

However, other commentators perceived Tate’s plan to buy 50 BTC for $101,000 each as an act of conviction rather than speculation, saluting his confidence in the asset’s long-term potential.

You may also like it

While it is currently uncertain whether Tate has fulfilled his commitment to buy Bitcoin, the market has seen it Bitcoin dipped below the $101,000 mark highlighted in his statement.

At the time of writing, Bitcoin is trading at $100,768, showing a remarkable decrease of 5.56% in the last day, according to data provided by CoinMarketCap.