How Bad Is the Crypto Crash? Bad Enough that Matt Damon Is Trending on Twitter
By Dustin Rowles | Social Media | May 12, 2022 |
I ’ m not going to lie ; I don ’ t know anything about the crypto market. I spent an hour trying to make heads or tails of it this good morning, and it ’ s sort of like trying to understand what person is saying to you in a foreign terminology. I don ’ deoxythymidine monophosphate understand all the words, but I can read facial expressions. I can see anguish. You don ’ t need to understand crypto-bro speak to understand panic .
here are a few sentences I ran across this dawn :
— Cryptocurrency trade chopine Coinbase has lost half its value in the past week, including its biggest one-day sink to date on Wednesday.
— More than $ 200 billion erased from entire crypto market in a day
— While Bitcoin was down 13 % over the past 24 hours, Ether, the second-largest crypto, dropped 23 % … A barbarous selloff in cryptocurrencies has seen some $ 600 billion in digital asset market capitalization wiped away in a week. ( In November, Bitcoin was worth $ 67,553 ; nowadays it ’ second deserving less than $ 30,000 ).
— Dogecoin price is on the verge of a 70 % downturn ( I recognize “ Dogecoin ” is the currentness that Elon Musk was going to allow Twitter users to use on the platform ).
— Bitcoin ’ s 50 % crash erases all of Elon Musk ’ mho gains on Tesla libra sheet
by and large, though, I know that crypto is crashing for two reasons : 1 ) Because Ben McKenzie — the former O.C. asterisk who has launched a second career as a crypto skeptic — is making jokes :
Hey do you guys remember cryptocurrency— Ben McKenzie (@ben_mckenzie) May 11, 2022
… and 2 ) because Twitter is mocking Matt Damon, who was featured in a crypto ad that aired during the Super Bowl. This year. Three months ago .
Look what happened to people who took Matt Damon ‘s investment advice right now. Which is why—and this should be obvious to even small children— you should never take investment advice from celebrities.
If person is trying to sell you something that ‘s besides good to be truthful, it is .— Stephen Diehl (@smdiehl) May 12, 2022
If you bought $ 1000 of a bitcoin ETF when Matt Damon ‘s “ Fortune Favors the Brave ! ” crypto ad premiered on October 28 last class, you would now have $ 554. pic.twitter.com/qgeVmGYZw7— Jon Schwarz (@schwarz) May 9, 2022
Matt Damon has learned his lesson
by Susan Collins— New York Times Pitchbot (@DougJBalloon) May 12, 2022
When Matt Damon bought a menagerie did you all go out and buy zoos besides ? Sheesh.
— Mr. Newberger (@jeremynewberger) May 12, 2022
Crypto crash then bad Matt Damon grew a mustache and is hiding out in the 1940s. pic.twitter.com/qv23NQDDK0— The Mayor of Online (@VVichelangelo) May 12, 2022
You have no correct to be angry with Matt Damon ! ! He ’ sulfur cunning as a clitoris, and he made it absolutely clean he was available for a price when he signed up for The Great Wall. pic.twitter.com/2IVzRwYzsN— Whitney Baker (@TotemMacro) May 12, 2022
Matt Damon ’ s crypto shill ad should ’ ve been called Bourne yesterday— Damon Agnos (@damonagnos) May 11, 2022
It ’ south credibly good a market correction. I ’ m certain things will be better today !
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Dustin is the founder and co-owner of Pajiba. You may email him here, follow him on Twitter, or listen to his weekly television receiver podcast, Podjiba .
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