Million Dollar Profit Thanks To Dogecoin, CEO Of Goldman Sachs Immediately Quit To Young Retirement

While it's unclear exactly how much profit Aziz McMahon made from Dogecoin, his willingness to quit his job as a manager (with a high salary) at one of the most famous investment banks in the world ' Early retirement 'shows how much this interest is. While it's unclear exactly how much profit Aziz McMahon made from Dogecoin, his willingness to quit his job as a manager (with a high salary) at one of the most famous investment banks in the world ' Early retirement 'shows how much this interest is.

Aziz McMahon, CEO of Goldman Sachs quit his job after making millions of dollars from Dogecoin Originally born in 2013 as a 'meme', Dogecoin's value has skyrocketed in a short time, up to 10,300% so far. Dogecoin's staggering growth comes from "FOMO" effects on social media, thanks in part to celebrity advocates like Elon Musk, Mark Cuban, rapper Snoop Dogg, etc. Due to Dogecoin's strong price volatility, a lot of people have become USD millionaires thanks to the cryptocurrency, mostly young individual investors with a reckless, ready-made investment 'appetite'. willing to put money in high-risk coins. Glauber Contessoto, 33-year-old investor in Los Angeles (USA) is one such case. This investor became a millionaire after spending $ 180,000, which is borrowed money, to buy Dogecoin and earning more than $ 1 million. It's not easy to get rich from Dogecoin! It should be affirmed, not all investors easily profit from the born cryptocurrency to make this 'joke'. On the contrary, many investors have lost or even lost a lot of money when investing in Dogecoin. In fact, in a zero-sum game, one investor's money "moves" to another investor's "pocket". In other words, if someone had a huge profit, someone would have a quiet loss. Most recently, many Dogecoin players have been in the situation of 'swinging' when the value of the cryptocurrency fell vertically from a peak of $ 0.73 to $ 0.49 / Dogecoin, all because of "FOMO. "according to Elon Musk's tweets. With a drop of up to 30%, this dramatic drop caused Dogecoin's market cap to drop from $ 95 billion to $ 64 billion in just a few days. Worth mentioning, Dogecoin's plunge happened as soon as billionaire Elon Musk appeared on the SNL TV show, which was once expected to make the digital currency fly further.

Due to Dogecoin's strong price volatility, a lot of people have become USD millionaires thanks to this cryptocurrency Some experts have also repeatedly issued warnings about Dogecoin's overheating growth. "The rise of Dogecoin is a classic example of The More Foolish Theory." When everyone [buys Dogecoin], the bubble eventually bursts and you lose a lot if you don't get out in time. time. And it's almost impossible to predict with certainty when that will happen, "David Kimberley, an analyst at investment app Freetrade, told CNBC. "You can make a quick profit if you choose the right time, but the wrong timing of the market is terrible," said Adam Zadikoff, CEO of BRD - a cryptocurrency wallet with more than 7 million users. concentration.