Andrew Tate, a Kickboxer and podcaster, shared his take on young investors who have gained wealth through cryptocurrency investments.
What Happened: Specifically, he pointed out the “Crypto Kids”, who invested in “sh**coins” or NFTs in 2021 and enjoyed instant success. Tate argued that these investors lack real-world skills and expertise and that they are now quickly losing their crypto fortunes.
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"The easy money isn't in crypto anymore," he tweeted.
Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, popularly known as Shibetoshi Nakamoto weighed in on the matter, taking a jab at Tate’s remarks. Markus suggested on Twitter that the easy money is actually in "selling courses to people" and "posting topless pictures."
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Why It Matters: In a podcast late last year with Anthony Pompliano, Tate said "It’s one of the simplest ways to take charge of your finances and move money quickly and securely.
“With Bitcoin (CRYPTO: BTC), you can actually control and own your money,” he noted. “Think about how hard it used to be to move large sums of cash around – no problem with Bitcoin!"
Earlier this year, Tate's Bitcoin holdings were reportedly seized by Romanian authorities in mid-February. He was incarcerated in Romania facing charges of human trafficking and rape after being arrested.
Mateea Petrescu, a spokesperson for Tate and his brother Tristan told Decrypt that, in addition to the arrests, hardware wallets containing a combined 21 Bitcoins, worth approximately $467,625, were confiscated.
Price Action: At the time of writing, DOGE was trading at $0.078, down 2.93% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed Amid Regulatory Uncertainty: Analyst Says Apex Crypto Isn’t Getting A Boost Despite Upbeat Mood On Wall Street
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