What a SH*TSHOW”: Tom Brady’s latest move on social media CONFIRMS the QB is done incinerating his money through crypto
Tom Brady updated his Twitter profile picture from an image that promoted Bitcoin and cryptocurrency to an NFT from Autograph.io
Oh, how the mighty have fallen. The past two weeks have been extremely worrisome for investors and other stakeholders, with a considerable interest in cryptocurrencies. The downfall of crypto-trading powerhouse FTX has led to a lot of investors losing their hard-earned money. The Sam Bankman-Fried-led company was the most valuable crypto-exchange when Bitcoin was at its peak value.
One of the reasons for FTX’s massive success and meteoric rise was the company’s active efforts to reach out and connect to the public. They spent millions of dollars on running advertisement campaigns and featured some of the greatest and most celebrities that we know.
Tom Brady, Gisele Bündchen, Stephen Curry, Trevor Lawrence, Shohei Ohtani, Dr. Shaquille O’Neal, and Mr. Wonderful, Kevin O’Leary himself, were some of the biggest faces that promoted the company by featuring in their advertisements. When such big names are involved publicly with a company, they are bound to trust it with all their money.
However, FTX dropped the ball and the company’s value fell to 0. After the firm’s failure to raise liquidity in order to meet requirements, Sam Bankman-Fried was compelled to declare Chapter 11 bankruptcy and resign from his role as the CEO. This was a blow to not just millions of investors but to the likes of celebrities such as Tom Brady who has been vocal in his support of Bitcoin and cryptocurrencies.
Tom Brady is still betting big on Non-Fungible Tokens or NFTs:
The seven-time Super Bowl champion owned a 0.15% stake in the company, an estimated $45 million before the prices of crypto took a dive. His stake is now pretty much worthless, and the quarterback appears to have given up on Bitcoin and cryptocurrencies following the FTX debacle.
The Tampa Bay Buccaneers QB has never been one to frequently make changes to the bio of his social media handle, the quarterback recently changed his Twitter profile picture from an image of his face with laser eyes to an NFT of him made by an NFT platform in which he has business interests in, Autograph.io.
He also removed images in which Gisele Bündchen was featured from his profile, but that is a story for another time. Tom Brady’s earlier profile picture was him expressing his faith and belief in cryptocurrencies. Social media handles with laser eyes took off when Bitcoin was at its peak value.
However, the quarterback has learned his lesson and has burned a lot of money by investing in cryptocurrency. Which is why he is now diverting his focus onto Non-Fungible Tokens. Brady has been associated with Autograph.io, an NFT platform that brings together the most trending brands and personalities in the world of sports and entertainment.
Here’s how fans reacted to Brady changing his profile picture on Twitter:
Guess it’s not a bad thing to do your own research before jumping onto any investment bandwagon.
Bitcoin fans went from praying for the currency to hit $100k to hoping it doesn’t end up falling below $10K.
This year has really turned Tom Brady and his heart into a stone.
Well, guess it is officially the end of an era.
Serious meme of the year contender right here.
Wow.
Electricity is quite the racket.
Everything is falling apart for him this year.
Tom Brady may have distanced himself from crypto and FTX to protect himself from possible legal implications. Crypto is going through a rough phase and it is hard to tell if it will be able to get back up to the levels that it was a year ago.
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