Tate, a big advocate of major cryptocurrencies has in the past claimed to have “turned $600,000 into $12,000,000” via his crypto investments.
Romanian police revealed last month that they had confiscated a hardware wallet owned by Tate with 5 Bitcoin.
That’s around $108,000 worth of Bitcoin at the current market price.
A wallet owned by his brother Tristan Tate that contains 16 Bitcoin was also confiscated.
Tate publically bragged that he had a collection of over 33 cars, including a $4.3 million Bugatti Chiron Pure Sport.
He, in many podcasts, advocates about really owning the assets, and asks people to be logical and escape the matrix.
Tate is a known fan of cryptocurrencies like Bitcoin, having advocated for investors to buy the dip in various videos released throughout the 2022 bear market.