Tom Brady Endorses Bitcoin, Sparking Market Surge
Legendary NFL quarterback Tom Brady has become the latest celebrity to endorse Bitcoin, causing a surge in the cryptocurrency’s value.
In a tweet on Tuesday, Brady shared an image of himself buying Bitcoin using the Cash App, with the caption “#Bitcoin.” The tweet quickly went viral, amassing hundreds of thousands of likes and retweets.
Brady’s endorsement is seen as a major boost to Bitcoin’s credibility and mainstream appeal. The 43-year-old superstar has millions of followers on social media and is considered one of the most influential athletes in the world.
Following Brady’s tweet, the price of Bitcoin surged by over 10%, reaching a new all-time high of $41,190. The cryptocurrency has been on a record-breaking run in recent months, driven by institutional adoption and the expectation of inflation.
Brady’s endorsement comes at a time when Bitcoin is gaining increasing traction among celebrities and financial institutions. Earlier this year, Elon Musk signaled his support for Bitcoin by adding #bitcoin to his Twitter bio and investing $1.5 billion of Tesla’s cash into the cryptocurrency.
Other celebrities who have publicly endorsed Bitcoin include Snoop Dogg, Mike Tyson, and Paris Hilton. These endorsements have helped raise awareness about Bitcoin and attract new investors to the asset class.
Tom Brady’s endorsement is a significant milestone for Bitcoin. As one of the most recognizable and respected figures in sports, Brady’s endorsement could help to accelerate Bitcoin’s adoption and legitimize it as a mainstream asset.
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