Crypto tycoon Andrew Tate, known for his outspoken views, came down heavily on crypto influencers who scammed people by promoting fake coins and called them “losers.”
Andrew Tate spoke at a podcast hosted by YouTuber @notthreadguy where he questioned the lack of accountability among crypto influencers who keep promoting dubious coins that scam investors.
“In the entire crypto space, all of your crypto influencers are unaccountable cause they keep getting away with scams…crypto influencers are losers and if you are going to sit there and go..oh this guy tweeted about it..well, that guy is a ****** scamming loser (sic),” said Tate.
Despite being a crypto tycoon himself, Tate revealed that he is disappointed with the “crypto space” as it has been built over “deception.” He also spoke about the need for a culture shift in the crypto world over accountability.
“The problem with the whole space is that it is built on ****** and deception. And I am going to do my best to fix it and even if I don’t…people should be ready for this shift (sic),” said Tate.
During the three-hour-long podcast, Tate opened up on his recently embarked journey into crypto and his $DADDY token.
Tate also wanted to introduce himself to the crypto world, highlighting a perceived gap in integrity and community within the industry. He criticized what he saw as a culture centered solely on wealth accumulation without accompanying ethical considerations. This stance underscores his newfound mission to bring accountability and transparency to the crypto space.
Tate’s entry into crypto hasn’t been without controversy. He has been vocal about his disdain for what he views as the reckless greed and dishonesty pervasive in some corners of the crypto community. His critique extends to influencers who promote coins without genuine merit, likening their actions to gambling rather than investing.
Despite his criticisms, Tate acknowledges the transformative potential of crypto. He cites its utility in facilitating transactions and appreciates its efficiency compared to traditional banking systems, especially given his circumstances.
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