matt damon commercial fortune favors the brave

Ether was last down 6.5% at a price of $1,988.45.” “It’s the first time the token has fallen beneath the $2,000 mark since June 2021. “Ether, the second-biggest digital currency, tanked to as low as $1,704.05 per coin,” reported CNBC’s Ryan Browne. In the ad, Damon gives a one-minute monologue comparing crypto investors to mountain climbers, space travelers, and other adventurers before exclaiming, “Fortune favors the brave.”ĭespite the promise, bitcoin dropped as low as $25,401.29 on Thursday morning. In an episode titled “Pajama Day,” one of the main character’s classmates says, “My dad said he listened to Matt Damon and lost all his money.Bitcoin plunged to its lowest level in 16 months on Thursday … and Twitter has pinned all the blame on Matt Damon’s viral crypto ad. 'South Park' creators Trey Parker and Matt Stone have poked fun of Damon before. Instead of using Bitcoin in an ad with Damon, the cartoon uses a new take on recycled water. 'South Park' promptly spoofed the ad in a streaming special called “The Streaming Wars Part 2,” which aired on Paramount+ from Paramount Global Inc.

Bitcoin hit all-time highs in November 2021 after the commercial aired.įortune may favor the brave in the future, but it is down over 50% since Damon’s commercial aired. The investment would be down 57.7% since the commercial aired.īitcoin has been highly volatile throughout the years with downward pressure in 2022. The $1,000 investment would be worth $422.54 today based on a price of $24,594.90 for Bitcoin. If an investor bought $1,000 in Bitcoin at the lowest price on the day, they would have been able to buy 0.01718 BTC.

Matt damon commercial fortune favors the brave