Glauber Contessoto, much better referred to as the Dogecoin Millionaire, has actually doubled down on his dedication to the well known meme cryptocurrency.
Contessoto ended up being a millionaire simply 2 months into the 2021 crypto craze brought on by Elon Musk tossing his assistance behind both Bitcoin and Dogecoin (Doge).
Contessoto calls himself a SlumDoge Millionaire describing the depression in the currency he invested all his cost savings into. However he likewise states he is here to play the long video game and plans to keep his holdings.
He states he’s a HODLer, which is the term utilized to describe a crypto financier who prepares to adhere to the cryptocurrencies they have actually bought instead of offer up when they feel the marketplace will decrease.
” It made good sense to me to buy Doge since it’s the extremely very first time you have a meme and a cryptocurrency combined together”, Contessoto informed ABC News. Contessoto is not daunted by the truth that the initial function of Doge was to mock what cryptocurrencies represent.
Regardless, Doge has actually accomplished durability that couple of other cryptocurrencies have actually had the ability to manage.
Contessoto described the current crash of TerraUSD, connected to the Luna token, which in turn is apparently connected to the United States dollar.
Doge has actually surpassed all stablecoins in the long-lasting, he thinks specifically since it does not pretend to be anything than it currently is.
Not everybody enjoys with cryptocurrencies, naturally. Expert and previous United States Securities and Exchange Commission executive John Reed Stark has actually called it “one huge Ponzi plan”.
In spite of the varying viewpoints, you can delight in crypto recreationally at locations such as Bitcasino, 1xBit or FortuneJack.