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Tom Brady, Matt Damon & Celebrity Crypto Endorsements Look Great But Can’t Ignore The Great Risk Involved With Them

Published 05/13/2022, 2:15 PM EDT

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The crypto endorsements from Tampa Bay Buccaneers quarterback Tom Brady and other celebrities have come under fire following the recent crash of the crypto market. Many high-profile celebrities like Brady have been featured in advertisements promoting cryptocurrencies and their benefits. But the recent losses incurred by investors on Thursday in Bitcoin share an ugly truth about the other side of this coin.

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According to The Intercept’s Jon Schwartz, any crypto investment would have seen a 52 percent loss in its assets. The crash saw bitcoin take a downward spiral to the lowest point since December 2020 and leaves investors in turmoil.


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The seismic shake-up happened following TerraUSD, a major stable coin that was supposed to maintain the same value as the US dollar, plunged to less than $0.30 in value.

Investments should be dependent on informed opinion from multiple reliable sources. The continuing deterioration of the value will test the investors and their resolve amid challenging situations within the stock market.

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The cryptocurrency sphere is still a very challenging and unknown quantity for potential new investors. The 7-time Super Bowl champion through his big-money campaigns made attempts to promote the world of digital assets. The Buccaneers QB, with his partner Gisele Bündchen bought an equity stake in the crypto firm FTX as ambassadors.


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Both Brady and Bündchen were the perfect representatives for this exciting new world of crypto. They were investing in a company that became one of the largest crypto exchange firms. But the current situation involving bitcoin will affect the investors in the coming months as concerns begin to mount.


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While the losses might continue in the world of crypto, NFL fans will look forward to witnessing Brady next season. The upcoming season will present a different challenge that will present before the veteran QB. He will be tackling another campaign of high expectations with his 8th Super Bowl title a possibility.


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Written by:

Anuj Tazhatuveetil


One take at a time

An NFL author at EssentiallySports, Anuj Tazhatuveetil is pursuing a Master's degree in Journalism and Mass Communication. Initially, he worked as a freelance content writer and later as a part of Sports404. An unquenchable thirst to learn about all things NFL and NBA, adding to a rather healthy obsession with playing outdoor sports like basketball, and soccer with an almost encyclopedic knowledge of this industry make him a sports aficionado.
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Edited by:

Utsav Khanna