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A 33-year-old Dogecoin millionaire says he has no plans to cash in his seven-figure stake - and expects the cryptocurrency to keep soaring

1 month ago   |   By Business Insider

Summary List Placement Glauber Contessoto of Los Angeles decided three months ago to pour his life savings into Dogecoin, taking a big risk that he could either lose it all or turn a profit from the meme cryptocurrency.
According to a profile in the New York Times published Friday, he maxed out his credit cards, borrowed money using a margin trading feature on the Robinhood app, invested about $250,000, and didn't heed warnings from friends that the "joke coin" could crash.
The value of his Dogecoin holdings eventually swelled to $2 million.
Contessoto, who works at a hip-hop media company...
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A 33-year-old Dogecoin millionaire says he has no plans to cash in his seven-figure stake - and expects the cryptocurrency to keep soaring

A 33-year-old Dogecoin millionaire says he has no plans to cash in his seven-figure stake - and expects the cryptocurrency to keep soaring

1 month ago   |   By Business Insider

Dogecoin's image is centered on a talking Shiba Inu named Doge.
Barcroft Media/Getty
Glauber Contessoto of Los Angeles poured his life savings into Dogecoin, according to a profile of the meme currency investor in The New York Times.
The value of his holdings in the cryptocurrency eventually grew to roughly $2 million.
Contessoto told the Times he expects Dogecoin's price to keep moving higher and he plans to keep a tight grip on his holdings.
See more stories on Insider's business page .
Glauber Contessoto of Los Angeles decided three months ago to pour his life savings into Dogecoin...
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