Matt Damon crypto commercial: How much you would have lost if you invested then – MarketWatch

Remember when Matt Damon told you, “Fortune favors the brave”?
Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +4.65% and ether ETHUSD, +6.76% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap.
The commercial, which debuted 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.
“I’ve never done an endorsement like this,” Damon, who is also a Crypto.com investor, said when the commercial debuted. He also told Bloomberg that he’s ready to “ride or die with the economy” — but he’s also not quitting his day job making movies. 
See also: Coinbase CEO says company has ‘no risk of bankruptcy’
Unfortunately, if you had purchased $1000 worth of bitcoin when the commercial debuted, your crypto value would be about $481 today.
Meanwhile, that same $1000 worth of ether would now be worth $477.
Obviously, the commercial likely had little to no impact on the crypto markets, and October represents an arbitrary starting point for any crypto-related price charting as prices for bitcoin and ether have more than tripled over the last 24 months.
It’s worth noting, however, that 40% of people who own bitcoin are upside down on that investment, according to a recent CNBC report.
See also: Mark Cuban says ‘crypto is going through the lull that the internet went through’
Bitcoin prices moved 5.2% higher on Thursday, rebounding from a tumultuous week. Ether prices were down 1.09% during Thursday’s trading.
The crypto exchange's CEO Brian Armstrong did admit that some of Coinbase users’ crypto assets may lack certain bankruptcy protections
Weston Blasi is a reporter. You can follow him on Twitter @WestonBlasi.

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