Bitcoin and blockchain let people, not governments, control their money and property. Online blogger and former professional kickboxer Andrew Tate said this on Anthony Pompliano’s podcast.
The former athlete explained how he sent $900,000 to Qatar for a property purchase on entirely legitimate grounds. To do this, he had to go through a lot of paperwork and endure a nightmare of legal checks. In his words, the transfer took a huge amount of time.
\”And with Bitcoin — no problems. And it’s just a regular bank transfer,\” Tate stressed.
In his view, cryptocurrency is an asset that, unlike fiat money, is not controlled by governments. Tate noted that he does not trust authorities on property rights and does not advise relying on them.
\”Give me an asset that belongs to me, not to the government. Here it is — Bitcoin,\” he said.
Regarding the cryptocurrency’s decline, Tate is sure that \”it will come back.\” He recalled how, when the price fell to $8,000 at the onset of the COVID-19 pandemic, he wrote on Twitter that it was time to buy. The blogger invested $600 000 of spare funds. Today these Bitcoins are worth around $1.2 million.
As reported, Peter Schiff, president of Euro Pacific Capital supported the forecast by Standard Chartered of a possible drop in Bitcoin to $5000 in 2023.
Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.