Controversial social media personality Andrew Tate predicted on Oct. 17 that Bitcoin will drop to $26,000.
The crypto market is going down because there are traders who believe it has hit the ultimate bottom and won't go down any further, he said. It's traders' overtly optimistic behavior that is letting the crash continue, he added.
Related: What is Crypto? Cryptocurrency explained
Addressing traders who are thinking of borrowing money to go long to make maximum money, he said,
"Let me tell you a secret of the universe. Everything can always get worse."
In a long rant, Tate drew the example of an individual whose life goes terribly wrong as they lose their entire family in a crash, they themselves lose their limbs in an accident, have their ambulance meet an accident, and get infected in the hospital.
"It can always get worse. The price can always go lower."
Once the crypto market crashes even further so that everyone has lost money and no traders are left to go long anymore, that's when the market will take an opposite course and hit new highs, he predicted.
"Once everybody has lost all their f**king money, then we go to all-time high."
Why Bitcoin crashed
It was only last week that Bitcoin hit a new ATH of $126,198.07 on Oct. 7. But when President Donald Trump threatened on Oct. 10 to impose a 100% tariff on China, Bitcoin crashed to around $105,000.
It's been nearly a week since then but Bitcoin has not been able to recover despite persistently attempting to break out of resistance zones. As per Kraken's price feed , it was trading at $105,878.35 at the time of writing.
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Who is Andrew Tate?
A former professional kickboxer, Tate is a controversial social media personality who has gained notoriety for his misogynistic views.
He has also been accused of rape and human trafficking in the U.K. and Romania.
Tate has promoted crypto as a get-rich-quick scheme. He has launched and backed meme coins such as Daddy Tate (DADDY) and promoted tokens like Roost (ROOST), Germany Token (GER), and F*ck Tristan (FTRISTAN), which later collapsed amid insider trading allegations.
This story was originally reported by TheStreet on Oct 17, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
