LA Millennial Invests Life Savings In Dogecoin And Becomes Millionaire

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Last Updated on 16 May 2021 by CryptoTips.eu

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Glauber Contessoto is a 33-year-old living in Los Angeles, working as a musical employee from time to time. Some people would call him a slacker of sorts. Back in February of this year, he decided to invest his life savings in a crypto coin, against the advice of friends and family, who all said he was nuts and that he would lose everything.

When the coin started rising, Glauber maxed out his credit cards and invested more with all his friends calling him crazy, begging him to take his winnings and get out. But he only saw his Robinhood account rise in value.

Problem for most of Glauber’s friends is that the coin he invested in was Dogecoin and that went up quite a bit since then.

By now, he has seen his initial investment of $180k rise up to $2 million and is featured in the New York Times, Yahoo Finance and Business Insider.

Contessoto said:

Memes are the language of the millennials. Now we’re going to have a meme matched with a currency.

Advertentie.

Buying the dip

Even though Dogecoin is way off its all-time-high of 73 cents by now, Glauber is convinced it will go ever higher in the long run and intends to HODL.

He explains:

It’s taken me a long time, but I’ve learned how to stomach things like this. The only way you’re going to guarantee your profit is holding long-term, like Warren Buffett has said about stocks. And I believe that wholeheartedly.