Glauber Contessoto says that on April 15, he became a dogecoin millionaire.
“I stayed up all night time taking a look at my display,” Contessoto, 33, tells CNBC.
After watching Dogecoin on Reddit, Contessoto says that on February 5, he invested greater than $180,000 in dogecoin, when dogecoin was about 4.5 cents.
Contessoto was intrigued by dogecoin for a number of reasons.
First, Reddit community surrounding Doge has grown considerably over years, and it is most royal community any coin can have.
And like many dogecoin holders:
“I put my financial savings into dogecoin is due to Elon Musk,”
Who has repeatedly tweeted concerning Doge Contessoto says.
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL
— Elon Musk (@elonmusk) April 15, 2021
Contessoto is very optimistic about Dogecoin and think it may assist him create wealth.
“I grew up very poor,” he says, ” so this is essential to me.”
Contessoto (who works for a music firm in Los Angeles) says he did not have the disposable earnings to purchase dogecoin, so he took an enormous risk.
His mates criticized about Dogecoin and warned him to watch out.
Dude, this is a pump-and-Dump scheme, Ultimately, it will drop to zero.
But Contessoto never doubted DOgecoin and as a result his funding in dogcoin had grown to greater than $1 million.
“I was thrilled. I was new to Reddit, so I was excited to made a post ” he says.
The following day, Contessoto posted a message on the r/dogecoin subreddit below his username iUsedToCallDogeDodge. He texted:
“Hello guys, I became a dogecoin millionaire,”
and posted a screenshot of his dogecoin assets on Robinhood showing a balance of $1,081,441. 29.
The post went viral getting above 70k upvotes.
“It went viral,” he says.
“My plan is as soon as I make $ 10 million, I will withdraw 10%, and keep the rest in Doge as In my opinion, Dogecoin will keep on growing.”