Is This the Beginning of the End for Crypto?
Cryptocurrencies like Bitcoin took huge nosedives this week. Unfortunately, we aren’t living through the end of crypto — but hopefully the talk of it being the money of the future that will make us all rich has been shown to be lies.
Bitcoin, the oldest and most widely held cryptocurrency, has dropped in value by over 16 percent in one week and more than 50 percent over the last six months.
I wonder what Matt Damon is doing today.
Last year, he was shilling hard for cryptocurrency in a multimillion-dollar Crypto.com ad that aired at the Super Bowl. There, he uttered with breathtaking affect as he peered out at what looked like Mars, “Fortune favors the brave.” It’s a long way from his days in Good Will Hunting, playing a working-class kid from Boston’s south side who fights with entitled yuppies at bars and delivers a scathing critique of US imperialism.
Now cryptocurrency prices are tanking across the board, and a lot of ordinary people who swallowed the crypto pill hawked by Damon, Jimmy Fallon, Kim Kardashian, and a fleet of other celebrities have taken an absolute beating.
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