Andrew Tate’s grand experiment with Bitcoin ends in a spectacular disappearance of $90,000 from a $2,000,000 purchase, while Peter Schiff solemnly proclaims the whole crystal maze of crypto a done deal.
Andrew Tate watched his Bitcoin investment go down, like a soufflé with commitment issues. The influencer purchased two million dollars’ worth of BTC at $67,000. After three hours, the price drifted down to $64,000.
According to BSCNews on X, Tate lost about 4.48 percent or $90,000. This tumble surprised more stakeholders than a Vogon poetry reading and underscored Bitcoin’s fondness for dramatic mood swings.
🚨TATEWATCH: ANDREW TATE’S NEW BTC POSITION DOWN ALMOST $100,000 IN 3 HOURS. purchased $2,000,000 of BTC at $67,000. In a few short hours, BTC has dropped to $64,000.
Tate is down roughly $90,000, or 4.48%.
We will continue to monitor the position. 📉
– BSCN (@BSCNews)
Source: BSCNews
Schiff Declares Bitcoin Mania Done and Dusted
Peter Schiff appeared on X and declared that the whole financial carnival was over, the largest mania in history having taken its final bow.
The real story about Bitcoin isn’t its 50% decline, but that the biggest financial mania in history might be over. The clever folks who promoted it somehow convinced the mainstream financial media, Wall Street banks, and a handful of government officials to enthusiastically jump aboard the bandwagon.
– Peter Schiff (@PeterSchiff)
Source: PeterSchiff
Schiff has written: The true Bitcoin story is not its 50 percent fall. His critique of the mainstream adoption of Bitcoin claimed promoters misled financial media and Wall Street banks. There were also government officials who, allegedly, were taken in by the whole show. His remarks stirred controversy across crypto circles, and fans offered defense with the zeal of people arguing about whether towels count as technology.
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Market Crash Hits Major Holders Hard
Bitcoin slid to around 63,000 after herding cats of all opinions declared a bull market that politely declined to exist. Tate’s purchase looked ill-timed, as if he had politely asked for a downturn while the market was still in its pajamas.
The two million dollars invested left him in a delicate predicament. As Bitcoin prices continued their reluctant dance, his accounts lost more money, and other large holders found themselves under significant pressure.
The mood in the market shifted by the hour, turning optimism into panic faster than you can say “pseudonymous blockchain.” Trading volumes climbed as panic selling intensified.
The crash rekindled Bitcoin debates. Those against it, like Schiff, saw a new useful weapon; those in favor remained stubbornly committed to long-term beliefs, even as the immediate numbers did their best impression of a sphinx on roller skates.
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2026-02-06 15:13