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Dogecoin Millionare – Genius or Idiot? (FH Reacts)
By Financial Horse  •  May 2, 2021
In case you missed it, this is what the Dogecoin 1 year price chart looks like. In the span of about a month, it went from 0.05 to 0.4, an 8x return. Which has made some people, very rich. I came across one such example on CNBC. It’s an amazing story of a guy who put in his life savings, and 5x-ed his money in about 2 months, turning him into an overnight millionaire. I’ve extracted the CNBC article below, and added in my reactions as well. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. “I was up all night staring at my screen,” Contessoto, 33, tells CNBC Make It. 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. Contessoto was intrigued by dogecoin for...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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