Crypto

Matt Damon Mocked Crypto Ad As Virtual Currency Values ​​Crashed

Just a few months ago, Matt Damon exhorted us to buy crypto without fear, in a clever CGI ad for Crypto.com promoting the tagline “Fortune favors the brave”.

Now, with cryptocurrencies in freefall and plummeting to new lows, the Oscar-winning star of “Good Will Hunting” and “The Martian” is being mercilessly dragged down again for his performance as the face of Crypto.com in a new round online teasing. .

Social media users point out that if he had followed Damon’s advice to buy crypto last fall, the value of his holdings would have dropped by roughly two-thirds today.

Damon is one of the many celebrities who have promoted cryptocurrencies, along with flashy names like Kim Kardashian, Steph Curry, Larry David, DJ Khaled, Floyd Mayweather, and Tom Brady.

In the Crypto.com ad, Damon takes viewers on a historic journey of brave men and women who have made a difference in the world, inspiring people to “be braver.” The ad, directed by Wally Pfister, began airing in October and also aired during NBC’s Super Bowl LVI telecast.

“These mere mortals, just like you and me, as they peer over the edge, calm their minds and strengthen their nerves with four simple words that have been whispered by the fearless since the days of the Romans: Fortune favors the brave.” . Damon says in the commercial, which ends with the actor looking at the surface of Mars from a spaceship.

Crypto.com, founded in 2016, also got the naming rights to Los Angeles’ Staples Center, now called the Crypto.com Arena, under a 20-year deal.

Cryptocurrencies have seen a massive decline over the past seven months, with the slide accelerating amid broader fears of an economic downturn. Bitcoin, which reached a high of $68,990.90 in November 2021, was trading below $21,000 early on Wednesday.

With the ongoing sell-off hitting crypto stocks, virtual currency companies including Crypto.com are making layoffs as they prepare for a looming “crypto winter.” And the pranksters can’t help but enjoy another round of schadenfreude at Damon’s expense.

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