- Tom Brady just signaled the end of the crypto era by discreetly changing his Twitter profile photo.
- Brady changed his profile picture from the “laser eyes” meme that symbolized bullish optimism in bitcoin.
- Brady was one of the latest opponents after many celebrities quietly changed their photos amid the cryptocurrency crash.
Tom Brady has just marked the end of the crypto era by quietly changing his Twitter. Avatar.
The Tampa Bay Buccaneers star quarterback, who has become a well-known supporter of cryptocurrencies and NFTs, switched from tweeting a glowing-eyed photo of himself on Monday morning after he likely lost a significant amount of money last week due to the staggering FTX crash.
Social media profiles with “laser eyes” became popular among cryptocurrency advocates last year as a way to symbolically show bullishness in cryptocurrencies, especially bitcoin.
While the origin of the meme is unclear, according to CoinTelegraph, many backers initially promised not to change their photos back until bitcoin reaches $100,000. Bitcoin is currently trading at $16,000, its lowest level in two years, and most of the original laser eye photos have now disappeared from Twitter.
Brady was one of the last opponents with a photo of “laser eyes”; many famous people have quietly abandoned the meme as cryptocurrency prices have collapsed this year. Paris Hilton, Elon Musk, and even incumbent US Senator Cynthia Lummis have sported glowing eyes on Twitter at some point since early 2021, when the cryptocurrency hit all-time highs.
Brady is pulling back from his public display of confidence in crypto after he likely suffered a severe financial blow last week due to FTX filing for bankruptcy.
In June 2021, Brady and his now ex-wife Gisele Bündchen entered into a “long-term partnership” with FTX and revealed that they had invested in the company. Brady has been a public ambassador for FTX and has appeared in several commercials for the exchange.
Last week, in just days, FTX went from a $32 billion company to bankruptcy after a surge in customer withdrawals left the company facing a liquidity squeeze. FTX CEO Sam Bankman-Fried is now facing multiple investigations following reports that he and FTX management mishandled customer funds.