# "Banks Are Scams"

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-05-26

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Kickboxing champ Andrew Tate dumps banks for Bitcoin

Andrew Tate, the British-American kickboxer turned social media sensation, is making waves again. He just announced plans to invest big in bitcoin, slamming banks for their scams. “I’m leaving fiat behind,” he declared. “No more banks, no more scams.”

Tate, known for his bold moves, revealed on X that he’s moving ‘100M’ into BTC. “I’m not just talking; I’ll prove it,” he emphasized. And after that? “I’m hitting the waves,” he teased.

But skeptics on X questioned if Tate would really drop $100 million into bitcoin. Regardless, Tate's no stranger to crypto headlines. He's had run-ins with Romanian authorities over seized bitcoin and even hinted at launching his own cryptocurrency.

And let's not forget his love for meme stocks. Despite his $11 million net worth, he threw $6 million into Gamestop, relishing in the hedge fund takedown.

What's your take on Tate's bold Bitcoin move?

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/banks-are-scams)*