Influencer Andrew Tate's crypto wallet crashed from $100K to $14K in a day after risky Bitcoin bets went wrong.
Image source: CoinTelegraph
Andrew Tate, the famous online influencer, just lost almost $86,000 in a single day by gambling on Bitcoin's price — and it's not the first time.
Tate runs a company called "The Real World," which sells online courses about trading. But his own trading record tells a very different story.
Here's what happened. Tate used a platform called Hyperliquid (a website where people bet on whether crypto prices will go up or down). He made two opposite bets in just two days:
The damage:
The big lesson for beginners: Using high leverage is extremely risky. Even small price moves can wipe out your entire investment. Just because someone sells trading courses or seems confident online doesn't mean they actually make money trading. Slow, careful investing usually beats high-stakes gambling.
This is an AI-generated summary. Read the original article at: https://cointelegraph.com/markets/andrew-tate-loses-nearly-86000-longing-and-shorting-bitcoin?utm_source=rss&utm_medium=rss&utm_campaign=rss