crashes cryptocurrency freefall accelerates

Crashes cryptocurrency freefall accelerates series#

The bitcoin price has crashed by 20%, plunging under $35,000 per bitcoin and causing billions to be. Smaller cryptocurrencies such as ethereum, BNB, solana, cardano and XRP have largely outpaced bitcoin's rally over the last two years.ĬryptoCodex -A free, daily newsletter for the crypto-curious MORE FROM FORBES Crypto Crash: Bitcoin Now Braced For A $100 Trillion Bombshell That Could Boost The Price Of Ethereum, BNB, Solana, Cardano And XRP By Billy Bambrough However, the bitcoin price peaked in November last year at almost $70,000 and has now lost 50% of its value as the Fed gears up to hike interest rates for the first time in Covid-era and cut back its huge stimulus measures. The bitcoin price has soared over the last two years, climbing almost 300%, along with global stock markets as the Federal Reserve flooded the system with cash in order to offset the economic damage wrought by the Covid-19 pandemic and subsequent lockdowns.

Crashes cryptocurrency freefall accelerates series#

and some of their allies have already imposed a series of economic sanctions on Russia with more expected in response to Russian president Vladimir Putin launching a 'special military operation' in the eastern Donbas region of Ukraine overnight. Gold, the traditional safe haven for investors in times of high risk, has also soared higher in recent weeks. We should never forget that Matt Damon, Lebron James, and Larry David all have a tonnnnn of money and plenty of advertising options, but still elected to sell out for Crypto near the top and shill it to the common man.Alongside the bitcoin and crypto price collapse, the price of oil has surged past $100 a barrel, the highest levels seen by the international benchmark Brent crude futures in more than seven years. i want to apologize for not making it clear when i did that primetime crypto commercial that i was only speaking to multi millionaires and not to losers like you who can’t afford to lose a few thousand dollars- eve6 June 13, 2022 Listen, I know he doesn’t have the best record with financial advice, but I feel pretty good about Matt Damon’s new commercial.

Matt Damon calculating how much he lost investors since shilling crypto at the top /5ri4tGJNi1- Alex Cohen June 14, 2022 I was assured by Matt Damon that such a thing would not happen. With the ongoing sell-off hammering crypto values, virtual currency companies including are making layoffs as they brace for a looming “crypto winter.” And wags can’t help but indulge in a new round of schadenfreude at Damon’s expense. Bitcoin, which hit a high of $68,990.90 in November 2021, was trading below $21,000 early Wednesday. “These mere mortals, just like you and me, as they peer over the edge, they calm their minds and steel their nerves with four simple words that have been whispered by the intrepid since the time of the Romans: Fortune favors the brave,” Damon says in the spot, which ends with the actor peering onto the surface of Mars from a spacecraft.Ĭ, founded in 2016, also nabbed naming rights to L.A.’s Staples Center - which is now called Arena - under a 20-year agreement.Ĭryptocurrencies have seen a massive decline in the last seven months, and the plunge has accelerated among broader fears of an economic recession. In the ad, Damon takes viewers on a historical journey of brave men and women who have made a difference in the world, inspiring people to “be their bravest selves.” The ad, directed by Wally Pfister, began airing in October and also ran during NBC’s Super Bowl LVI telecast. If you bought $1,000 of bitcoin the day Matt Damon's 'Fortune favors the brave!' commercial came out, it would now be worth $375 /rp5IdjBD3m- 🦀 Jon 🦀 Schwarz 🦀 June 13, 2022ĭamon is one of a slew of celebs who have touted cryptocurrencies, alongside bold-face names like Kim Kardashian, Steph Curry, Larry David, DJ Khaled, Floyd Mayweather and Tom Brady. Users across social media are pointing out that if you had taken Damon’s advice to buy into cryptocurrencies last fall, the value of your holdings would have dropped roughly two-thirds today.

Now, with cryptocurrencies in freefall and cratering to new lows, the Oscar-winning star of “Good Will Hunting” and “The Martian” is getting mercilessly dragged again for his gig as the face of in a new round of online jeering. Just a few short months ago, Matt Damon exhorted us to fearlessly buy into cryptocurrencies - in a slick CGI ad for hyping the tagline, “Fortune Favors the Brave.”