In recent years, we have seen an increase in popularity as well as the values of various cryptocurrencies on the market. Among some of the most popular like Bitcoin, Litecoin, and Ethereum, Dogecoin, which is a meme-based cryptocurrency, saw a huge spike in value when billionaire Elon Musk started tweeting about it. And following Elon’s words, a 33-year-old man now says that he has become a millionaire by investing in said cryptocurrency.
Glauber Contessoto is 33 years old and a Los Angeles resident. The guy is a fan of the CEO of Tesla and after Musk started tweeting about Dogecoin a few months ago, Contessoto came in and bought 5 million Dogecoins at around $ 0.045 (~ Rs. 3.3) on February 5.
On April 15, Contessoto shared a screenshot (attached below) of his Robinhood account on the r / dogecoin subreddit showing that the value of his investment was just over $ 1 million. So, it took him around 69 days to become a Dogecoin millionaire.
Now, after buying the initial 5 million of Dogecoin, Contessoto shared a video on his YouTube channel to explain the top 5 reasons that led him to invest in cryptocurrencies. You can watch the 18 minute video below:
So in the video, Contessoto says that after Elon Musk started tweeting about Dogecoin, he decided to invest in it. As a result, he took all the savings out of his bank accounts, sold his shares of Tesla, Uber, and invested every penny to buy the initial Dogecoins.
Although many of his friends and family warned him about the risks involved, he decided to stick with his plan to become a Dogecoin millionaire. And guess what? It really became one.
Featured image courtesy: Glauber Contessoto (Youtube)
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