Goldman Sachs Director Resigns After Making Millions With Dogecoin – fr

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Goldman Sachs Director Resigns After Making Millions With Dogecoin – fr


A London banker from Goldman Sachs has reportedly quit after making millions investing in Dogecoin.

The cryptocurrency itself has surpassed the growth of any other digital currency this year, increasing its price by over 10,000%.

Aziz McMahon, head of emerging markets sales at the U.S. investment bank, has resigned after profiting from the meteoric rise in cryptocurrency, according to the Telegraph.

McMahon, who has worked at the bank for 14 years, is said to have opened a hedge fund with his cash, but it is unclear how much money he made.

Read more: FTSE 100 bounces off strong earnings and optimal GDP data

Dogecoin has recently become one of Tesla CEO Elon Musk’s favorite cryptocurrencies, with his Tweets being one of the main drivers of his interest.

Musk refers to himself as the “Dogefather” and inadvertently took his price tag after calling the piece a “scramble” on prime-time US television.

According to the CoinDesk cryptocurrency price tracker, Dogecoin’s market cap is $ 65.8 billion, larger than Twitter and Ford.

Its market value is much lower than that of Bitcoin, which has a total value of $ 1.06 billion.

Read more: GDP grows in March as UK prepares for economic recovery

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