Millionaire through Dogecoin: Investment banker quits Goldman Sachs
This “Expert” described Dogecoin as a fraud. (Screenshot: t3n / NBC)
Aziz McMahon makes headlines in the UK. The Guardian reports that the executive of the bank Goldman Sachs has made “substantial returns” from his investment in the fun currency Dogecoin. The income is said to be so substantial that McMahon retired, or at least resigned from Goldman Sachs.
Senior investment banker during the day, crypto-dealer in the evening
The Guardian could not determine the exact amount of the assets that were apparently earned. At least there must have been enough money for a senior banker to resign without hesitation after 14 years of service.
Elon Musk is considered to be biggest fan of Dogecoin. (Photo: Sky Cinema / Shutterstock.com)
His bank affiliation should not have played a role in the investment. After that, it was a purely private action by the banker. Goldman Sachs recently opened a trading desk for the crypto currency Bitcoin, reversing a fundamental decision made in 2018. It had said that they wanted to stay out of the crypto market.
Dogecoin: The coin for the quick take-away effect
Anyone who has dealt a little with Dogecoin may be surprised at the alleged success of the Goldman Sachs banker. After all, the Dogecoin is more of a joke than a serious cryptocurrency. Again and again there are warnings against large investments.
Advisors with a speculative streak advise taking away quickly instead of long-term hodling. It could look like that you enter between 0.30 and 0.40 US dollars and realize your profits directly around 0.70 dollars, only to enter again at 0.30 to 0.40. So you could laboriously juxtapose profits like a squirrel.
London bankers must be early investors
The London banker must have been able to raise millions with an all-time high of $ 0.7376. To do this, he would have had to invest in the currency extremely early.
The total ROI of Dogecoin is around 83,000 percent so far. For every $ 10 that McMahon would have to have wagered when practically no one had bet on Dogecoin, he could have earned a maximum of around $ 8,300. With a stake of $ 10,000 a maximum win of $ 8.3 million would have been possible.
Sounds crazy, but why shouldn’t it be such stories actually give? Before you jump on the Dogecoin, read this post.
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