Matt Damon Hawks Cryptocurrency in New Commercial (2024)

FAQs

What crypto is Matt Damon promoting? ›

That means that if you were encouraged by Damon to buy $1,000 worth of bitcoin last October 28, it would now be worth $342. If you purchased $1,000 of Ethereum, the next most popular cryptocurrency, it would be worth $363.

He said it was mainly because his clean water initiative, Water.org, was indire financial circ*mstances, explaining: ”We had a down year in Water.org, and I did that commercial in an attempt to raise money for Water.org.” Damon founded the clean water project in 2009 alongside engineer and philanthropist Gary White.

It remains unclear how much Damon was paid for the ad, though Bloomberg reported in October of 2021 that Crypto.com had indeed made the Water.org donation and that Damon was an investor in the crypto company.

Lohan, Paul, the rapper Akon, recording artists Ne-Yo and Lil Yachty, and adult actress Michele Mason are alleged to have pushed crypto investments to their millions of online followers without revealing they had been paid.

Sam Bankman-Fried, Founder of cryptocurrency exchange FTX, is one of the richest people in the world, being worth over $20 billion. He believes in the principle of 'effective altruism' and plans to donate his fortune.

As might be expected, Bitcoin (BTC 1.36%) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, Ethereum (ETH 0.74%) has been attracting its own share of billionaire supporters.

The current market cap stands at $68.02 billion. Anyone who invested on the day Damon's ad launched and held on to their investment for all this time, will have seen a loss of 63.04 percent.

Tom Brady owns more than 1 million shares in FTX that are practically worthless after the crypto exchange collapsed—and Gisele isn't too far behind. Billionaire New England Patriots owner Robert Kraft and star NFL quarterback Tom Brady are among those sharing in the pain of FTX Group's sudden implosion.

Billionaire investor Warren Buffett described bitcoin (BTC) as a "gambling token" in an interview with CNBC on Wednesday.

As it happens, the legendary Microsoft co-founder has publicly discussed Bitcoin (BTC) and cryptocurrencies over time, but he has never disclosed whether he had any. It seems the chances are slim because his comments related to crypto made at a TechCrunch conference in June 2022 reveal he is still on the fence.

Does anyone make a living off crypto? ›

Yes. With research and the right strategy in place, it's possible to earn daily income from cryptocurrency. For example, if you're skilled in an NFT game, you'll probably be able to earn daily by winning competitions.

And that's why the Oracle of Omaha doesn't own the asset. “If you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn't take it because what would I do with it?” he asks. “I'd have to sell it back to you one way or another. It isn't going to do anything.”

Zhao was followed by FTX founder and CEO Sam Bankman-Fried, who lost a reported 23 billion dollars in only three weeks prior to his arrest over conspiracy and fraud charges in late 2022. Despite his losses, Zhao was still the wealthiest individual in the crypto world as of December 2022.

The man with the most to lose is Changpeng Zhao, CEO of Binance, crypto's largest exchange, a sprawling global network of murky subsidiaries.

The firm is not the only investor to have lost eye-watering amounts of money since Mr Bankman-Fried's $32bn empire collapsed. FTX had an estimated 1.2 million registered users who were using the exchange to buy cryptocurrency tokens such as Bitcoin and thousands of others.

11. Bitcoin – Coin With the Potential to Become one of the Most Profitable Crypto. Bitcoin was the first digital asset to come into existence in the crypto space. In fact, for its early investors, BTC has been the most profitable cryptocurrency to invest in.

Cryptocurrency has two kingpins. Forbes' 2018 ranking of the world's billionaires includes only a couple people who accumulated their vast fortunes from digital assets: Chris Larsen and Changpeng Zhao.

Ethereum. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. ETH has been at the forefront of a blockchain smart contract platform. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.

Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media.

The three richest on the list–Changpeng Zhao, Sam Bankman-Fried and Brian Armstrong–all helm cryptocurrency exchanges.

How many people have become millionaires off of crypto? ›

There are over 140,000 wallet addresses containing between 10 and 100 BTC, according to the “Bitcoin Rich List”. However, not each of these portfolios will belong to a millionaire. There are roughly 24,233 wallets worth more than $1 million among people who are unquestionably Bitcoin millionaires.

The death of four crypto billionaires within a month has caught the crypto community's attention. The deaths occurred under suspicious circ*mstances, and some of these billionaires had even raised alarms about being in danger. 4 crypto billionaires dead in the span of a month. Just before, and during the FTX collapse.

SAN FRANCISCO (KRON) – Luna, a cryptocurrency tied to the stablecoin TerraUSD, is now basically worthless.

For a woman in Australia — who faced that scenario last year after the cryptocurrency platform Crypto.com mistakenly transferred 10.5 million Australian dollars ($7.2 million) to her bank account — the answer was: Buy a mansion. Tech is not your friend. We are. Sign up for The Tech Friend newsletter.

Tom Brady is the most famous face to promote and invest in FTX — and he also may have suffered the greatest individual loss. The Tampa Bay Buccaneers quarterback owned over 1.1 million common shares of FTX Trading, which equaled about $45 million before the company went bankrupt, according to Bloomberg.

FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund.

According to USA Today, Lawrence pushed back on reports that he took his entire $24 million signing bonus in cryptocurrency and lost about $15 million in the 2022 crash of the industry.

Taipei, Taiwan, March 24, 2023 (GLOBE NEWSWIRE) -- With a quantum leap from Wall Street to HBS City in the MASFi Financial Metaverse, Aaron Tsai, King of Shell became World's first Trillionaire, through the creation of his personal social token (PST), ATT and an algorithmic USD stable coin USDM.

Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett's company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America.

What is Mark Zuckerberg cryptocurrency? ›

At the time, the cryptocurrency was called Libra, and it was initially conceived of as a stablecoin, which is a specific subset of cryptocurrencies that have a value pegged to a real-world asset, such as a fiat currency like the U.S. dollar or a commodity like gold.

Mark Zuckerberg is looking to develop virtual coins, nicknamed “Zuck bucks” by staff, for users of Facebook and Instagram as part of a suite of products designed to reduce his platforms' dependence on advertising in the future metaverse.

The name of the project is Facebook Diem, and it had the potential on paper to truly get traction in the world of cryptocurrencies. Their intention was to create a cryptocurrency names Libra stablecoin that was announced all the way back in June 18, 2019 under the motto, 'move fast, break things'.

How much does a Cryptocurrency Trader make? As of Jun 26, 2023, the average annual pay for a Cryptocurrency Trader in the United States is $94,266 a year.

At the time of writing, $100 will get you 0.0038 BTC. Let's explore how a $100 investment in Bitcoin today would perform across different scenarios.

The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.

F rom the increasingly ferocious federal crackdown on the cryptocurrency business, it might appear the U.S. government cannot stand digital currencies. Yet there is a love-hate dynamic: the Treasury is sitting on a stash of 207,189 bitcoin, worth $5 billion, by far the largest such state-owned hoard.

Over the last decade, the cryptocurrency market has become increasingly diversified and gained more legitimacy, as some of the world's most renowned billionaires view them as valuable assets to hold in portfolios.

Tom Brady, Madonna, Gwyneth Paltrow and baseball Hall-of-Famer David Ortiz are just some of the big names facing lawsuits from investors as the crypto world crumbles in the wake of FTX's fall from grace.

Which crypto dude loses $16 billion? ›

The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history's greatest-ever destructions of wealth.

To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch," Zhao wrote. As a result, SBF's wealth thus melted and was no longer valued by Bloomberg Billionaires Index at $1 billion at the end of the day on Nov.

The "mysterious" deaths of crypto investors Nikolai Mushegian, 29, Tiantian Kullander, 30 and Vyacheslav Taran, 53, have drawn a lot of internet attention. Russian Crypto Typhoon, Vyacheslav Taran was the latest to die after his helicopter crashed near the French-Italian border.

Losing more money than you make

It's not that no one has made money off crypto. In fact, our survey finds that of those who've had crypto, 28% sold it for more than it was worth. But a higher rate of investors — 38% — sold their crypto for less than it was worth when they bought it. Another 13% broke even.

Peterson shared a link to a 2020 study from Cane Island Alternative Advisors which showed at the time that about 4 million BTC were lost forever, with the claims that there will never be more than 14 million BTC in circulation.

The three notable crypto luminaries who died within a few weeks of one another were Nikolai Mushegian, 29, Tiantian Kullander, 30, and Vyacheslav Taran, 53. Crypto has been in the headlines due to the fall of FTX, which has increased the amount of attention given to crypto-cyber news.

Stefan Thomas is a bitcoin millionaire. Or, he would be if only he could remember his password. The San Francisco software developer and CEO was an early adopter of bitcoin. Back in 2011, he produced an animated video explaining how the digital currency works.

He is James Howells, a 35-year old IT engineer from Wales. Back in 2009, when Bitcoin was almost worthless, he mined 7,500 of them and stored the access key in his hard-disk.

The NFL star had promoted Sam Bankman-Fried's cryptocurrency ambitions before its infamous collapse. When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off.

Superstar celebrities like NFL quarterback Tom Brady and comedian Larry David are facing lawsuits for endorsing failed cryptocurrency exchange FTX. What can we learn from these cases? Due diligence is important and the now infamous FTX ad was right – “Stephen Curry is not a crypto expert.”

What crypto did Kim Kardashian pump? ›

The Untold Story Behind Emax, The Cryptocurrency Kim Kardashian Got Busted For Hyping. I write about wealth, billionaires and their companies.

Gary Wang – Gary Wang is the co-founder and chief technology officer of FTX. Wang is one of the wealthiest crypto billionaires, with a net worth of $5.9 billion, and a 16% ownership share in FTX's global operations.

Brady owns 1.1 million common shares of FTX, while Bundchen owns 686,000 shares, according to bankrupcty court documents filed Monday. At its peak, the privately held FTX was valued at around $32 billion.

How large of a stake? Well, some reports peg Brady's holdings at around 1.1 million shares. The value of those shares has been estimated to be $93 million. Bundchen also reportedly had a stake in FTX with a reported 680,000 shares which would have been worth about $57 million.

According to Celebrity Net Worth, the sports star has an approximate worth of around $250 million. Notably, this value does not consider any of Tom Brady's Bitcoin investments.

SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul, others for violations. NEW YORK -- The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing to disclose that they were paid to promote crypto.

Celebs like Tom Brady, Shaq, Larry David and Naomi Osaka are targets of the crypto class action lawsuit.

The FTX lawsuit, filed in November, accuses the bankrupt company's co-founder, Sam Bankman-Fried, along with several public figures who endorsed the platform — including O'Neal, Tom Brady, Gisele Bundchen and Steph Curry — of defrauding investors.

Over the years, he's invested in Ethereum and other various digital coins, NFTs and many blockchain companies. In fact, “80% of the investments that I make that are not on 'Shark Tank' are in or around cryptocurrencies,” he said during an episode of “The Problem With Jon Stewart” podcast on Jan. 12.

Celebrities Kim Kardashian, former NBA star Paul Pierce and boxer Floyd Mayweather used their fame to hype a new cryptocurrency as part of a larger scheme to defraud investors while profiting for themselves, a lawsuit filed in California alleges.

What is the most expensive crypto all time? ›

Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media.

Bitcoin billionaire Mircea Popescu, who's thought to have owned $1 billion (roughly Rs. 7,428 crore) worth of the world's biggest cryptocurrency, has reportedly died in Costa Rica. The 41-year-old, also referred to as a Bitcoin evangelist by many, leaves a controversial legacy behind.

Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.