Entrepreneur and social media personality Andrew Tate has shown resilience with Bitcoin despite the crypto market catastrophe.
In a recent post on Today’s X, the popular social media personality revealed his plan to buy Bitcoin on the spur of the moment, scooping up 50 BTC for just $101,000 each.
As a result, Tate ended up investing more than $5 million in major cryptocurrencies after his comments, despite market volatility and Bitcoin falling below the critical $100,000 level.
Tate refrains from making bearish predictions for Bitcoin
Mr. Tate’s decision to buy Bitcoin at a discount of $101,000 came just weeks after he predicted that Bitcoin could crash to $26,000.
Tate is known for having mixed feelings about major cryptocurrencies, and his bearish predictions for Bitcoin sparked both skepticism and debate within the crypto community.
As such, the market community has expressed surprise at his decision to purchase Bitcoin for $101,000, signaling a change in Tate’s expectations regarding Bitcoin’s long-term prospects.
Buy 50BTC with 101k
— Andrew Tate (@Cobratate) November 4, 2025
Now, as Bitcoin struggles to break above $100,000 amid the broader crypto market catastrophe that has caused BTC’s sharp price correction, Tate appears poised to further strengthen his long-term belief in Bitcoin’s price potential.
The announcement appears to have caught the attention of market participants, with commentators offering mixed reactions to Tate’s latest Bitcoin purchase plan.
Bitcoin could retest $70,000
Curiosity is growing as to the reasons behind Tate’s Bitcoin purchase plans, but some believe this is simply an emotional purchase near the top of the cycle. One analyst warned that the ongoing price movements are indicative of a late-stage bull market move, noting that Bitcoin could face an even deeper correction and retest the $70,000 level by early 2026.
Nevertheless, other commentators recognize Tate’s plan to buy 50BTC for $101,000 as an act of faith rather than speculation, praising his confidence in the asset’s long-term potential.
It is currently unclear whether Tate has fulfilled his pledge to purchase Bitcoin, but the market has seen Bitcoin drop below the $101,000 level highlighted in his statement.
According to data provided by CoinMarketCap, at the time of writing, Bitcoin was trading at $100,768, representing a notable drop of 5.56% from the previous day.
