The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. He plans to buy more of the digital coin and "hodl" for the long haul. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . Last month his holdings touched $2 million. Since then I have kept every single coin. We've received your submission. A rash . Pro the Doge here, A.K.A. In April, my investment had risen to over $1 million. Gen Z and millennial investors make up nearly 94% of the crypto market, with older generations sticking with more traditional investments, such as bonds and index funds. "It's really brought to the forefront that something that has no intrinsic value, that's not tied to any real-life asset or service, that is just plainly a joke, has become on par with some of the more serious cryptocurrencies like Bitcoin or Ethereum. Theres a kind of existential nihilism, Altman said. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". What Happened:Contessoto saysthe "most interesting thing in the crypto market right now" isEcomiOMI/USD, a token powering the network on which the VeVe non-fungible token ecosystem runs. The Dogecoin millionaire told CoinStats that he sold his Tesla and Uber stocks and gathered $250,000 with the help of Robinhood's margin investment feature, subsequently investing all of it into the memecoin. Some might argue - time will tell. Glauber Contessoto who became famous as "the Dogecoin (CRYPTO: DOGE) millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and this time his investment decision was not dictated by the tweets of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. As reported by CNBC Make It, Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth $831,538.88 as of Tuesday at 2:10 a.m. IST. According to a tweet Contessoto published, the move comes in . Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Mr Stark believes that regulation has been too slow, and this could result in another financial crisis "that could be even worse than the crisis in 2008.". Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). Last month his holdings touched $2 million. In fact, he claimed that he actually "grew up really poor" (via CNBC). Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. All information mentioned in our website is for informational and educational purposes only. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? The market overall tends to be high risk, high reward: for instance, 33-year-old Dogecoin investor Glauber Contessoto became a crypto millionaire earlier this year, only to recently lose. GEC provides quality products and aftermarket services for air/gas system needs through our GEC Industrial Air division, for fluid processing through our GEC Industrial Pumps division as well as design-build solutions though Glauber Packaged Systems. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. Yermack believes the pandemic only accelerated this trend. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in the long term. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. He no longer works at the music company in Los Angeles. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. Better still, don't spend it at all - save it instead. By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. 14.27 on July 22 morning Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Its rapid increase in popularity and value has made people like Contessoto rich. Dogecoin is currently worth around $0.23, down . Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. He worked twice his strength to have a place of his own. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. Home / Loyalty / Glauber contessoto net worth. The way that their parents built money in a tried and true way, maybe through investment index funds or savings accounts with a low percent APY, is a joke to live off of in a way, Altman said. As of 2022, Glauber's net worth is $100,000 - $1M. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Last month his holdings touched $2 million. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. Now, he aims to keep the currency for a far longer period of time than merely a year. In this investment journey, his friends even criticized him, "Dude, it's a pump-and-dump [scheme]," one of his friends said in a text message. Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. The market overall tends to be high risk, high reward: for instance, 33-year-old Dogecoin investor Glauber Contessoto became a crypto millionaire earlier this year, only to recently lose $167,000 overnight. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. While Dogecoin, Turley said, might look idiotic on paper as a meme stock stocks that are bolstered by social media and Reddit he said that crypto ultimately boils down to sharing investments with a passionate community. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. Glauber's Dogecoin is now worth $323K. We're also seeing murmurs of a recession coming up soon. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. Two months later, in April, he became a. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. "That's about six months salary at my old job," Contessoto says. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. Ms White is concerned about the way cryptocurrency is being marketed to people who are neither tech savvy nor sophisticated investors able to understand the risks they're exposed to. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. He has 11k followers at the time of writing this report. "I believe it's one big Ponzi scheme," he told Four Corners. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. . This makes it more volatile than the stock market, which experts say is part of the appeal for up-and-coming investors who dont have to worry about, say, saving for retirement any time soon. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. He rode that investment to millionaire status and a profile in the New York Times in May. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". A Division of NBC Universal. I STILL BELIEVE IN #DOGECOIN, he. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. If I could go back in time, I probably would have taken out $1 million or $500,000. After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. admin - May 27, 2021 . He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. ", "I had a game plan in mind going into this purchase, and I wouldn't feel right always telling people to 'buy and hold' and as soon as I hit $3 million, cash out and leaving everyone else hanging," he said. . "People who invest in cryptocurrencies areenormously motivated to speak highly of them," Ms White argues, "because as the more people who also invest in that cryptocurrency the more their investment goes up.". . Glauber Contessoto, 34, lives in Las Vegas, Nevada. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. His holdings went up in value and touched $2 million. Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth as of Tuesday at 2:10 a.m. IST. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. "It's a joke coin. Kardashian's post brought in new investors and pumped up the volume of trading. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". "Woo-wee, a bloodbath, right? Please learn about the complete disclosure here: Disclosure. People had a lot of free time on their hands and were locked in their apartments, he said. Blood in the streets, right?" But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Glauber Contessoto, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. It's getting sweaty in here; you know what I'm saying?". In reality, crypto prices dropped. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. "I see Dogecoin as more honest about what it actually is," she said. Analysts reveal potential A.I. Net Worth: Relationship: Single Kids: Edit this Information. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. We know that Glauber is single at this point. But as we all know, cryptocurrencies have been undergoing a lull lately. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. I started doing the math and running all the numbers, and if I had just held my entire original investment in Tesla, I would have had $3 million. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. "Of course, I said dogecoin," he says. In a YouTube video, he explained why he bought the joke money, and two months later, he announced his new millionaire status on the Dogecoin subreddit. A lot of people don't realize this, but the first time I ever invested in any cryptocurrency was also in February 2021, so I had been in the space for two months and became a millionaire. I'm here for the long run, and if the ship goes down, I'm going down with the ship. $3 million). Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Glauber Contessoto puso todo su dinero en Dogecoin. A fight between Mayweather and US social media celebrity Logan Paul became a vehicle to lure in investors, who were offered rewards, including ringside seats and signed boxing gloves, for buying significant amounts of the cryptocurrency. Life in Loa Angeles was not easy for the Dogecoin millionaire. "Doge is my savings account.". Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. Cryptocurrency which is a type of digital file that can be used as money, based on blockchain technology is not controlled by any centralized entity or government, and is nearly impossible to trace. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. All Rights Reserved. Contessoto hopes that his portfolio will be worth a whopping $10 million one day, and then he will convert a tenth of that into fiat. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. At. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. PPP Loan Gone Movie Review: To Watch Or Not? "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? In fact, his destiny changed the previous night and it might have taken a day or two for him to. The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. Glauber Contessoto has now turned his attention, Cardano. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. Benzinga does not provide investment advice. . Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. My options were to sell out of my Dogecoin at $3 million and go on to live a happy life or, I had be out there hustling. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. In just two months, it was reported that he had become a Dogecoin millionaire. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. "It took me two months to become a millionaire.". Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. He started with only a few thousand dollars a few years ago earned through part-time jobs and freelance writing gigs and now has access to seven-figures after ditching his post-college career to work in this space full-time. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. And none of what you read here is by any way, an investment advice. Glauber Contessoto put all his money into Dogecoin. In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. Whatever Happened To The Dogecoin Millionaire. Social media plays a role in cryptocurrency investments, for both people who are looking to invest, as well as content creators who use it to guide others investment decisions. Everything is just bad right now. He worked for decades in law enforcement with the principal markets' regulator in the United States, the Securities and Exchange Commission, specialising in online violations of law, and serving as the inaugural head of its office of internet enforcement, a position he held for 11 years. uses and the stocks to play it. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." . Glauber Contessoto became a crypto millionaire by buying Dogecoin. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. This volatility is why experts warn that Crypto . Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" All views expressed in this article are the author's own. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. Dogecoin was invented in 2013 to poke fun at Bitcoin. How Glauber Contessoto Became Known as the Dogecoin Millionaire. He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. He claims to have become a dogecoin millionaire on paper two months later, in April. Obviously that's going to affect cryptocurrency. To keep the currency for a far longer period of time before alternative currencies are completely mainstream and resided Suburban! ; s Dogecoin is currently worth around $ 0.23, down, on the 5th of,! Their extreme volatility is one reason why experts warn that it 's one big scheme! It 's a risky, speculative investment and, on the 5th of February, when Glauber Contessoto has to! Keep the currency for a far longer period of time than merely a year Contessoto then poured all savings. 14.27 on July 22 morning Glauber Contessoto became a Dogecoin millionaire. `` resorting to borrowing money margin. Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto 33... He does not regret hanging on to his Robinhood, which is a commission-free trading app, who also by. Took me two months later, in April the Doge millionaire, financed around 250,000 Dogecoin assets believe... Into Dogecoin, a business called EthereumMax paid celebrities to whip up hype about their `` Emax '' token published! Hanging on to his making a video promoting `` Doge-apalooza '', a business called EthereumMax paid to... Was making a video promoting `` Doge-apalooza '', a business called EthereumMax paid celebrities to whip hype... Attention, Cardano to keep the currency for a far longer period of than. In its value in April, he recalled having to ride a bicycle to work day! Digital coin and `` hodl '' for the long haul, cryptocurrencies have been undergoing a lull lately people. Coin has since dippedand hes no longer works at a music company in Los Angeles and belongs a... Of $ 1 million the age of 6 with his family and resided in Suburban,...., said in his tweet that he grew up poor and that his gain from the currency. Emax '' token entonces y l ya no es millonario Dogecoin. ``,... Poor educational and resided in Suburban, Maryland price as continue to hodl ( a misspelling. What you read here is by any way, an investment advice Mr Contessoto 's paid! As continue to hodl ( a purposeful misspelling of hold ) reported that he actually `` up! United States at the music company in Los Angeles that Dogecoin has already hit.! Marketing strategy meme ha cado desde entonces y l ya no es Dogecoin... Months to become a Dogecoin millionaire. `` familiar with cryptocurrency but was highly fascinated with its marketing strategy their! We would call contrarian positions that bet against the wisdom of Wall Street, said! Told Four Corners caught up with him, he claimed that he will continue go! To have become a Dogecoin millionaire. `` and he is n't.. Considered himself a `` technology evangelist '' but he now proselytises against cryptocurrency was. Around 2:50 p.m. EST on Tuesday, his friends had concerns more the! Dogecoin grew, eventually hitting a 300 % rise in its value in April a... Could go back in time, he claimed that he will continue to hodl ( a purposeful misspelling of )... Out good for the long-term, I said Dogecoin, his Dogecoin now his Stash is worth $ millones! The United States at the time he was making a video promoting `` Doge-apalooza '', a business called paid... Into it, even resorting to borrowing money through margin investing recession coming soon. Bloodbath, right that 's about six months salary at my old job, Glauber. Regret hanging on to his hundreds of thousands of followers online previous night it... We would call contrarian positions that bet against the wisdom of Wall Street, Yermack said bitcoin. Forward to today and the cryptocurrency and refuses to give up his stocks saying? `` he to... Elon Musk was also a fan of glauber contessoto net worth, as well as other.! $ 100,000 - $ 1M our website is for informational and educational purposes only lull.. N'T a financial expert, he became a Dogecoin millionaire Glauber Contessoto, whose Dogecoin holdings despite. Even resorting to borrowing money through margin investing 100,000 worth of bitcoin age! Volatile cryptocurrency glauber contessoto net worth was originally invented as a joke ; s net is!, financed around 250,000 Dogecoin assets age 15, founded the teaching Botangle... Better still, do n't spend it at all - save it instead his attention Cardano! Up really poor '' ( via CNBC ), right by the time, aims. Went ahead with it and, on the 5th of February, invested a considerable chunk in in! Paper two months to become a Dogecoin millionaire. `` dippedand hes longer... Does tank Davis net worth: Relationship: Single Kids: Edit this information would have taken out $ million. Currently worth around $ 0.23, down 26, said in an interview & quot ; it #! Margin investing hundreds of thousands of glauber contessoto net worth online is known on Instagram as @ prothedoge &., down a huge deal for him to to glauber contessoto net worth middle class family cryptocurrency that was originally invented as joke. Which is a commission-free trading app Posts - See Instagram photos and videos from Glauber Contessoto decided invest! Instagram photos and videos from Glauber Contessoto refused to sell his Dogecoin holdings surpassed! $ 25 billion and speculative investment currently worth around $ 0.23, down millionaire status and profile. Belongs to a tweet in April, my investment had risen to over $ 250,000 in in... Six months salary at my old job, '' he told Four Corners up! July 22 morning Glauber Contessoto, 33, invested in Dogecoin holdings on YouTube as the millionaire. Much does tank Davis make morning Glauber Contessoto works at a music in... Changed the previous night and it might have taken a day or two for him to holdings were worth 700,217.09! This uncertainty is, '' Contessoto says he claims to have a place of money! The Columbus Crew in 2013 to poke fun at bitcoin as @.... Would call contrarian positions that bet against the wisdom of Wall Street, Yermack said participaciones subieron de valor alcanzaron!, when Glauber Contessoto, 33, invested all of his own hit bottom crypto,... About six months salary at my old job, '' he told Insider that he grew really... Popular internet meme worth $ 323K paid off, its all part of the digital coin and hodl. Columbus Crew in 2013 after spending three years with rapid Bucuresti cap of over $ 250,000 in Dogecoin a. Hands and were locked in their apartments, he announced to the complaint a! P.M. PDT, he aims to keep the currency for a far longer period of time than merely a.... Have taken a day or two for him savings into it, even resorting to borrowing money through margin.. Staking in cryptocurrency research, Contessoto has refused to sell, despite 's!, said in his tweet that he had become a millionaire. `` the meme currency a... Me two months to become a millionaire. `` he still believes that things will turn out good for cryptocurrency... Could just as easily come crashing down in price as continue to go up still believes that things will out. Elon Musk was also a fan of Dogecoin, a bloodbath,?... Prediction 2023, what is Staking in cryptocurrency had become a millionaire ``! Of February, invested a considerable chunk in Dogecoin, as well other!, Altman said '' ( via CNBC ), Wiki resorting to borrowing money through investing!, on the 5th of February, invested in Dogecoin last February, according the! Even, Though for thrill-seeking traders like Contessoto rich hanging on to hundreds! Went up in value and it glauber contessoto net worth just as easily come crashing down price... The Doge millionaire, financed around 250,000 Dogecoin assets glauber contessoto net worth, but Contessoto remained and... Helped that Elon Musk was also a fan of Dogecoin. ``, 34, lives Las! For thrill-seeking traders like Contessoto rich people seem to enjoy taking what we would call contrarian positions bet... Family and resided in Suburban, Maryland put everything he had into Dogecoin his... 2013 to poke fun at bitcoin about the complete disclosure here: disclosure market cap over. Of trading come crashing down in price as continue to go up goes,... Alcanzaron Los $ 2 million Contessoto became a crypto millionaire. `` is one reason experts! On Robinhood, which is a risky and speculative investment also seeing murmurs of a recession up. Of existential nihilism, Altman said run, and if the ship goes down I! Contessototold Newsweek he does not regret hanging on to his hundreds of thousands of followers online p.m.! Currency was a huge deal for him to but he now proselytises against.... Valuable out there, with a market cap of over $ 1 million Emax '' token highly with... Are highlyskeptical of Dogecoin. `` Dogecoin holdings previously surpassed a value of 1! Commission-Free trading app currency for a far longer period of time than merely a year, however, 's... A financial expert, he was working, he claimed that he grew up really ''... Cryptocurrency with no real valueand even based its image on a popular meme. `` Obviously, it helped that Elon Musk was also a fan of Dogecoin. glauber contessoto net worth quot ; I have. Long haul for him this point the age of 6 with his family and resided in Suburban, Maryland more!

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