Sometimes consumers are offended by Hollywood celebrities like Matt Damon promoting their leftist politics, but today it’s not the endorsement of the candidate who is creating old fans. of movie stars. Weston Blasi at MarketWatch, our corporate cousin, recently noted:
Remember when Matt Damon said to you, “Fortune favors the brave”?
Well, so are Twitter users, and many of them are posting viral Crypto.com ads, while the prices of cryptocurrencies like bitcoin and ether are falling and crypto exchange platforms like Coinbase are losing their goods. billion USD market capitalization.
The trailer, which premiered on October 28, 2021 and was replayed again during the Super Bowl, has now been viewed 9 million times on Twitter and over 17 million times on YouTube. . .
Unfortunately, if you bought $1000 worth of bitcoins when the trade show launched, your cryptocurrency would be worth about $481 today.
Jeff Beer recently noted at Fast Company:
Even when Matt Damon’s Crypto.com ad first launched on October 28, 2021, it was seen by many as setting the bar for heavy-handed hero worship a bit. On the spot, the Oscar winner compares crypto investing to milestones like the invention of human flight and space travel.
Damon said on the spot: “History is full of events. “For those who have almost ventured, those who have almost achieved, but in the end it proves to be too much for them. Then there are others. Those who take the moment and commit. ”
Investors who have largely resisted the urge to embrace crypto may be regretting it, and Andy Kessler of the Journal is looking poised for February writing:
Americans spend more than seven hours a day looking at screens. Me, for one of them, I’m sick of the Geico gecko, the LiMu emu, the Progressive woman, Jake from State Farm, the Allstate Mayhem guy and especially that dumb Aflac duck. The insurance industry was regulated for financial reasons — limiting these ads to just once a day. And ask Matt Damon and Tom Brady to publicly apologize for selling crypto when bitcoin was $66,000.
Of course, Mr. Damon is not the only celebrity to seize the day to endorse new currencies and perhaps tomorrow will bring another increased interest in such assets and good days. more for crypto investors. But the current prevailing theme among good cryptocurrency advocates seems to be the lack of boldness in addressing the issue openly.
NBC News’ Daniel Arkin reported on Friday:
NBC News has reached out to representatives for Damon, as well as Larry David, Charli D’Amelio, Jamie Foxx, Paris Hilton, LeBron James, Kim Kardashian, Ashton Kutcher, Gwyneth Paltrow and Reese Witherspoon. Their spokesperson did not respond to emails sent Thursday morning; Kardashian’s poster declined to comment.
Damon, David, and James each appeared in eye-catching crypto commercials that aired during the Super Bowl in February. The star of “Constrain Your Enthusiasm” has appeared in a cheeky ad for exchange FTX, making it seem that crypto denizens will be judged as harshly by history as naysayers. for silverware or wheels. James, meanwhile, advertises for Crypto.com.
D’Amelio, Foxx, Hilton, Kardashian, Kutcher, Paltrow, and Witherspoon have publicly endorsed various cryptocurrencies in recent years through social media posts or other announcements. For example, Witherspoon tweeted in December that “crypto is here to live” and encouraged more women to get involved.
Is the fortunes in favor of silence now?
As for Mr. Damon’s political endorsements, voters can now decide their value. “I love Joe Biden,” the actor told CNBC in 2019, adding:
In California, we have Kamala Harris, who I think is absolutely brilliant and I would love to see her one day become president of the United States and if that happens in 2020 – I’m very excited too. happy for that.
Statement about confirmation of being targeted
Treasury Secretary Janet Yellen, who appeared to have made the historic mistake of dismissing inflation concerns about Biden’s economic plan in early 2021, found that her endorsement of the signature policy did not shake the US Congress. Bloomberg’s Laura Davison reports today:
Treasury Secretary Janet Yellen’s success in securing the biggest global corporate-tax reform in decades risks failing her country’s legislature, potentially sowing the seeds of tensions new international direct in the coming years.
Heralded as a “historic deal” when the two-part deal was reached last October, the framework would set a global minimum tax rate of 15% and rewrite the rules for how countries divide up. corporate profit tax.
Until the Russo-Ukrainian war brought new challenges, it was the biggest victory of Yellen’s tenure. But part of a pact between nearly 140 countries may never materialize. It needed congressional approval, but lacked popular Democratic support and it ran into related opposition from Republicans.
The 2022 sloth’s election?
Amy Walter of Cook Politics Report reports that she recently spoke with Democratic participants in voter focus groups and found that in addition to endorsing specific candidates, they are look for specific qualities and often don’t find them among incumbent Democrats:
When asked to describe Democrats in Congress as an animal, almost all chose docile creatures, or as one person described them, animals that are “slow and have a lot of energy.” plant”. When asked what kind of animals Democrats wanted, they chose “great white sharks” and “gray bears.” Another said she wanted them to be like a hyena, an animal that is “quick, aggressive, determined and does what it wants”.
Perhaps political fortune favors the brave.
James Freeman is the co-author of “The Cost: Trump, China, and America’s Resurgence”.
Follow James Freeman on Twitter.
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