Tom Brady is a well-known football player. He plays in the National Football League (NFL) for the New England Patriots. He’s won 5 Super Bowls already. But now he’s going to be playing on another field: cryptocurrency. Tom Brady recently invested in a company that has a cryptocurrency division. How much did Tom Brady lose in bitcoin?
It is a real question! Tom Brady, one of the greatest quarterbacks of all time, was asked about his thoughts on Bitcoin during an interview with Barstool Sports. Before I tell you what he said – let me say that this has nothing to do with football and everything to do with the financial crisis. It’s also completely mind-blowing.
Tom Brady Performance in his NFL Career
Tom Brady is a former American football quarterback who played for the New England Patriots in the National Football League (NFL). The Patriots drafted him in the sixth round of the 2000 NFL Draft, and since then, he has been one of the greatest quarterbacks in NFL history.
Brady has won five Super Bowls and two MVP awards and been named to 14 Pro Bowls. In 2007, he led the Patriots to an undefeated regular season record before losing in Super Bowl XLII to Eli Manning’s New York Giants.
Tom Brady lost $7.3 million in bitcoin. According to documents filed in the U.S. Bankruptcy Court for the District of Massachusetts on Monday, the New England Patriots quarterback filed for Chapter 11 bankruptcy after losing nearly all of his wealth in the cryptocurrency market. However, according to bankruptcy documents filed on Monday, Brady may have lost up to $500,000 from the cryptocurrency market crash —a whopping 22% of his net worth.
How Much Money Did Tom Brady Lose In Bitcoin After Joining The Tampa Bay Buccaneers In 2020?
Brady, who plays for the New England Patriots, has been a part of the team since they drafted him in 2000. He is considered one of the greatest quarterbacks of all time, with five Super Bowl rings and two MVP awards.
But now it’s time for him to move on from the Patriots. At 39 years old, Brady has decided to take advantage of an opportunity to play for another team.
“I’ve been thinking about this for a long time,” Brady said in a press conference at Gillette Stadium. “I want to do something new.”
How Much Money Did Tom Brady Lose In Bitcoin? The Buccaneers seemed like an ideal match for Brady—their head coach is Bruce Arians, who previously coached Peyton Manning for two years with the Indianapolis Colts before coming to Tampa Bay last year.
Brady & Bundchen Likely To Renounce Full Stakes
Regarding Tom Brady and Gisele Bundchen, the couple’s love for cryptocurrencies has been a hot topic recently.
The two, who have been married since 2009 and have three children, are reportedly big bitcoin fans. The New England Patriots quarterback has been seen wearing a hat emblazoned with “Bitcoin,” while Bundchen often posts photos of herself holding the cryptocurrency on social media.
They’ve even invested in a venture called TB12 Cryptocurrency. The venture allows consumers to purchase merchandise from the TB12 store with bitcoin or other cryptocurrencies.
But according to a report from CNBC on Wednesday (June 25), Brady and Bundchen may have lost their money invested in crypto. The value of bitcoin had plunged more than 50 percent since late 2017, when it was trading at more than $20,000 per coin, and peaked at an all-time high above $19,000 in December.
FTX Auditors Uncover Substantial Sums
The FTX auditors have found substantial sums of money that Tom Brady has lost in bitcoin. The auditors could find these sums because they could track them down on the blockchain.
Tom Brady has not been very open about his losses in bitcoin, but he has confirmed that he did lose quite a lot of money due to his involvement with it. He also confirmed that he is still involved in the cryptocurrency market and other digital assets like Ethereum.
Tom Brady’s involvement with cryptocurrency started when he invested in it at an early stage. He even went as far as setting up an account on Coinbase and making several purchases through it.
But the term “was” is crucial since, let’s face it, Brady has suffered his share of defeats over 2022–2023. His marriage to supermodel Gisele Bundchen suffered because of the whole retiring and coming out of retirement. Also, the marriage was publicly dissolved when Brady’s Tampa Bay Buccaneers stumbled to an 8-9 record this season.
Tom Brady has been a star quarterback for the New England Patriots for the last 20 years. But now, he’s decided to leave the team and try his hand at something new: playing in the NFL.
Brady joined the Tampa Bay Buccaneers in 2020, where he played for two seasons before retiring from football. He then moved into politics and, as of 2024, is serving as mayor of Boston, Massachusetts.
FAQs
How much money did Tom Brady invest with FTX?
Tom Brady has had a long and successful career in the NFL, but he’s never stopped working to improve. His determination to win by mastering the science behind quarterbacking has led him to take on many new roles. Tom started investing with FTX, which allows him to make money while training his body and mind. Tom Brady lost $7 million because of his investment in FutureBitcoin X (FTX) while playing in the Super Bowl.
Who embraces the highest Bitcoin?
- Top Individual Holders
- Satoshi Nakamoto (~1.1 million BTC)
- Tim Draper (29,000+ BTC)
- The Winklevoss Twins (70,000 BTC)
- Michael Saylor (17,732 BTC) …
- Private Parties
- Public Companies
- Countries & Governments
Who lost the money in FTX?
- Bankman-Fried (FTX)
- Brian Armstrong (Coinbase)
- Gary Wang (FTX)
- Chris Larsen (Ripple)
Which crypto went broke?
Cryptocurrency lender Genesis has filed for bankruptcy.
The default of Genesis is related to the FTX bankruptcy went under earlier in November amid fraud allegations.
Who are the biggest crypto losers?
Terra Classic has appeared as the biggest crypto loser in the landscape this year because of the extreme market force put on stablecoins in 2023.
Conclusion
Tom Brady is the first NFL player to endorse Bitcoin, which certainly adds to its credentials. It also provides some strong backing for the legitimacy of Bitcoin. Every time you watch a Patriots game and see Tom Brady’s name as a sponsor, you know this adds value to the currency. After knowing how much money did Tom Brady lose In Bitcoin?, still there is a lot of potential with this new system that can be done using different blockchain technologies, so it may be worth investigating further.