From poor to a millionaire in 2 months: the risky investment in Dogecoin of a young man inspired by Elon Musk

"I grew very poor, so this is very important to me".Who speaks is a 33 -year -old, who in just a couple of months has gone from not having just income to being a millionaire, thanks to a successful investment in the Dogecoin cryptocurrency.

Glauber Contessoto, a worker in a Los Angeles music company (United States), decided on February 5, 2021 to buy about 5 million Dogecoins about 4 cents.

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To do this, since he did not have enough available income, he made a very risky decision that for now has endedRobinhood through the application, explains CNBC.

After an unexpected rise in this cryptodivisis, last week he announced that he had become a millionaire with a Reddit publication, in which he added an image with the figure of 1.081.441.29 dollars (about 900.000 euros to change this Friday 23), which later rose to 1.8 million dollars (1.5 million euros).

"Hey guys, I just became a Millionaire of Dogecoin," he published on the platform, where they have 'rained' thousands of comments, votes and reactions.

"I bought on February 5, 2021 around 5 million dogcoins about 4 cents 🚀.69 days later, on April 15, 2021, I became a millionaire, "he explains to Internet users.

Dogecoin, launched in 2013 as part of a joke or criticism of the cryptocurrency frenzy, has increased its price by more than 7.800% so far this year, and has been among the five largest cryptocurrencies in the world.

Part of the responsibility of this growth is attributed to Elon Musk, and its tweets on this cryptodivisis, which are taken by many young people as a signal to invest.

One of them has been answering, who admits that "one of the reasons why I put my savings in Dogecoin is Elon Musk," CNBC picks up.

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According to this medium, and despite this unusual increase in cryptocurren.

"My plan is, once it reaches 10 million dollars, get 10%.This will continue to grow, "he says.

For now the data has not been right.This Friday 23, Contessoto has made another Reddit post, but this time with very different news.

"1.8 million has dropped to 500.000.If I can endure, you can endure.This is the way, "he announces in his message, in which he shows that he will still not sell despite this fall.