Tom Brady Purchases Bitcoin as Part of FTX Exchange Deal
Seven-time Super Bowl champion Tom Brady has joined the growing list of celebrities investing in Bitcoin. According to a recent announcement, Brady has acquired an undisclosed amount of Bitcoin through a partnership with the FTX cryptocurrency exchange.
The deal also includes Brady’s wife, Gisele Bündchen, and the couple’s joint ownership of the newly launched NFT (non-fungible token) platform, Autograph. FTX will serve as the official cryptocurrency exchange for Autograph.
Details of the Partnership
The partnership between Brady, Bündchen, and FTX includes several key components:
* Brady and Bündchen have invested in FTX equity.
* The couple will serve as brand ambassadors for FTX.
* Autograph will be integrated with the FTX platform, allowing users to purchase and trade NFTs on both platforms.
Brady’s Motivations
Brady has not publicly disclosed his specific reasons for investing in Bitcoin. However, some experts believe that he may be attracted to the currency’s potential for long-term growth, its decentralized nature, and its resistance to inflation.
FTX’s Perspective
FTX CEO Sam Bankman-Fried expressed his excitement about the partnership with Brady and Bündchen. He said that the couple’s involvement will help FTX reach a wider audience and promote the adoption of cryptocurrencies.
Celebrity Endorsements
Brady’s investment in Bitcoin is the latest in a series of celebrity endorsements for cryptocurrencies. Other high-profile figures who have invested in Bitcoin or other crypto assets include Elon Musk, Snoop Dogg, and Mark Cuban.
Impact on Bitcoin’s Value
The news of Brady’s Bitcoin purchase has had a positive impact on the currency’s value. In the hours following the announcement, the price of Bitcoin rose by approximately 3%.
Conclusion
Tom Brady’s investment in Bitcoin through FTX is a significant development in the cryptocurrency industry. It demonstrates the growing acceptance of cryptocurrencies among mainstream celebrities and investors. As the partnership between Brady, Bündchen, and FTX unfolds, it will be interesting to see how it further contributes to the adoption of Bitcoin and other crypto assets.
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