A recent Twitter thread by the infamous Andrew Tate targeted young crypto enthusiasts who profited during the 2021 crypto boom, garnering backlash from the community. Tate, known for his controversial statements and legal issues, criticized the so-called “crypto kids” who became wealthy from questionable coins and non-fungible tokens (NFTs).
Tate’s critique holds some truth; the crypto market has undoubtedly witnessed a surge of scams and dubious projects. Even high-profile celebrities like Soulja Boy, Lindsay Lohan, Jake Paul, and Ne-Yo have faced investigations for running crypto scams.
This longing for fast riches has enticed many, often those without substantial skills, to the largely unregulated world of cryptocurrencies. Despite these celebrities not being the main focus of Tate’s criticism, their involvement highlights the broader issue he attempts to address. However, Tate’s scathing indictment of young “Crypto Kids” seems misplaced, especially when considering his business ventures.
While Tate slams the crypto kids for profiting from questionable coins and NFTs, he operates an online course, Hustler’s University, teaching young students how to make money, drawing parallels with the crypto profits that he condemns. The irony is clear, and the crypto community has picked up on it.
With Hustler’s University facing considerable criticism, Tate’s self-awareness seems to be lacking. He boldly claims in his Twitter thread that anyone teaching anything on the internet, except for him, is a scammer—a statement that only exacerbates the hypocrisy and incites further backlash.
Many users called out his hypocrisy, with crypto enthusiasts pointing out the irony in Tate’s educational venture. Some even labeled him the “real scam artist.” One user, Hax, shared his e-commerce success story, arguing that Tate’s Hustler University is “the biggest scam of them all,” accusing him of making most of his net worth from membership fees while offering little in return.
Rather than dismantling the “Crypto Kids,” Tate has highlighted his own controversial business practices while attracting even more scrutiny. The backlash against him and the criticisms targeting Hustler’s University demonstrate a powerful response from the crypto community.
The lesson here might be to tread lightly when attacking others, especially when one’s own affairs are not entirely in order. As the saying goes, those who live in glass houses shouldn’t throw stones. It appears that Andrew Tate’s entrance into the cryptocurrency realm resulted in a self-inflicted knockout punch that he may not soon forget.