Glauber Contessoto is a 33 year-old LA resident who became a Dogecoin(DOGE) millionaire after risking his entire life.
In an exclusive interview with CoinStats, Dogecoin’s millionaire shared that, after learning about crypto through Reddit, he made the decision to put everything he owned in Dogecoin.
Is it a Calculated Move
One of the main reasons behind Contessoto’s investment in Dogecoin is Elon Musk, the billionaire behind Dogecoin’s inevitable ascension. He was also disappointed when the stock market dropped by 88.29% in GameStop Corp stocks, from a record high of $347.51 down to $40.69 within three weeks.
He said, “Understanding what happened with it [GameStop] and how unfair I felt the stock market really was, I looked into crypto and realized this was an alternative way of investing my money.”
The Dogecoin millionaire told CoinStats that he sold his Tesla and Uber stocks and gathered $250,000 with the help of Robinhood’s margin investment feature, subsequently investing all of it into the memecoin. Sooner than expected – in just 69 days – Glauber Contessoto became a Dogecoin millionaire. He immediately broke the news on Reddit: “Hey guys, I just became a dogecoin millionaire.”
Contessoto, who has a middle class background and used to work in the hip-hop music industry, claims that he doesn’t know technical analysis and mostly relies on social media trends. His taste in crypto is different from that of professionals: He prefers newer coins with a smaller market cap, although it’s risky. He advises people to do their research on crypto investments, particularly memecoins which can be volatile.
He’s making a big move.
The Dogecoin millionaire, who shared his passion for new coins and his desire to have more of them, stated that his second bag was Floki Inu. The FLOKI he owns is worth more than $822 million, or $0.0001084 each. This is in addition to the 4.3 million DOGE — worth $718,530 at the time of writing, at $0.1639 each — which he says he hasn’t sold yet.
Contessoto believes that Dogecoin combined with Floki Inu, which is named after Elon Musk’s dog, can help him retire at 35 with $10 million and that “[he] will be happy.”
The young memecoin FLOKI has already gathered a huge community around it thanks to its latest projects: Floki Inu’s team is developing a play-to-earn (P2E) non-fungible token (NFT) video game called VALHALLA, an educational platform called Floki Inuversity, and merchandise and NFT marketplace called FlokiPlaces. The project’s utilities gave hope to the DOGE millionaire.
Hip-Hop is dead
Glauber Contessoto chose to quit his job in the hip-hop music company to grow his social media presence by creating “tons of content.” Last but not least, he has already become a crypto superstar with over 177k followers on TwitterThere are 107k YouTube subscribers as of the writing.
The DOGE millionaire hasn’t monetized his YouTube channel with Google Ads. Instead, he creates promo videos and sells DOGE apparel. According to him, he now earns 6x as much at DOGE than he did in his previous job.