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<ul><li>Bloomberg reports that most celebrity crypto endorsements have backfired.</li><li>Celebrities face huge losses and expensive lawsuits.</li><li>Several sportspersons have jumped on the crypto bandwagon.</li></ul>According to a Bloomberg story, the collapse of cryptocurrency has affected not just retail traders but numerous celebrity endorsers. The report said that nearly all endorsers had experienced financial losses or pricey lawsuits.Matt Damon was one of the first widely recognized figures to support cryptocurrency publicly. His efforts on behalf of the Crypto.com exchange transpired when the bull cycle was at its peak. Since the ads began airing, the value of cryptocurrencies has dropped by more than 70%.<a href="https://coinedition.com/celebrity-endorsements-in-cryptocurrency-have-backfired-in-2022/" rel="noopener noreferrer nofollow">See original on CoinEdition</a>

Celebrity Endorsements in Cryptocurrency Have Backfired in 2022

Coin Edition

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