TL;DR
- Andrew Tate predicts Ethereum (ETH) will surpass $4,000.
- Tate was previously correct in his prediction that Bitcoin would reach $70,000.
- ETH price is close to reaching $4,000 due to market expectations for an ETF.
Well-known influencer and former professional kickboxer Andrew Tate, who has already demonstrated his affinity for Bitcoin (BTC), has recently made a bold prediction about Ethereum (ETH).
In a post on his X (formerly Twitter) account, Tate stated that he would call all his followers “losers” if Ethereum reached $4,000.
If eth goes to 4k I will call you all losers. https://t.co/VbF0eaXQwe
— Andrew Tate (@Cobratate) May 22, 2024
This statement has generated a considerable stir in the crypto community, which closely follows each of its movements and opinions.
Tate, famous for his direct and provocative style, is no stranger to crypto predictions.
In March, he correctly predicted that Bitcoin would reach $70,000, and made good on his promise to call his followers “losers” when the price of BTC crossed that important psychological barrier.
His prediction and its public fulfillment have earned him a mix of admiration and criticism, but have undoubtedly increased his notoriety in the world of cryptocurrencies.
This time, Tate’s enthusiasm for Ethereum appears to be fueled by expectations that the US Securities and Exchange Commission (SEC) could approve the first Ethereum exchange-traded fund (ETF) in the near term.
The mere possibility of this approval has caused an increase in the price of ETH, which at the time of writing this article stood at $3,810.13.
This increase represents an advance of 1.53% in a single day, 26.38% in the last week and 20.91% in the last month.
Andrew Tate and his impact on the crypto market
In addition to his predictions, Tate has been an active promoter of cryptocurrency investment through his social media platforms.
In April, he launched a survey asking his followers if he should buy $10 million worth of Bitcoin, hinting at his intention to invest a significant sum in BTC.
This survey, while only offering affirmative response options, reflected their unwavering confidence in the long-term value of cryptocurrencies.
Andrew Tate’s net worth is estimated to range between $4 million and $12 million, much of which comes from his luxury car collection that he shares with his brother Tristan Tate.
Furthermore, he has claimed to have earned around $85 million during the last bull cycle in the DeFi market, highlighting his ability to identify lucrative opportunities in the crypto space.
Tate has repeatedly shared his investment strategy based on constantly purchasing Bitcoin every week since 2018, a technique known as dollar-cost averaging (DCA).
This strategy suggests a strong belief in the long-term appreciation of Bitcoin, despite the market’s inherent volatility.
More recently, he has declared his intention to completely abandon fiat money and purchase over $100 million worth of Bitcoin, reaffirming his stance that BTC is the only acceptable monetary and investment option.
This statement, along with his predictions about Ethereum, continues to fuel attention and debate among his followers and detractors alike.
As Ethereum approaches the price of $4,000, the crypto community is closely following every movement of the market, staying alert to any relevant news that could influence the value of the digital assets.
The volatility of the sector and the influence of figures such as Andrew Tate make prudence and personal research essential for those looking to invest in cryptocurrencies.
