SlumDOGE Millionaire Diversifies Into Another Memecoin

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Last Updated on 30 December 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Glauber Contessoto was one of the most remarkable people of 2021. The now 34-year-old musician from Los Angeles became a worldwide celebrity when he sold all of his belongings in the beginning of the year and put them all into Dogecoin.

Glauber said he was inspired by the GameStop saga and was convinced that Dogecoin would be the next revolutionary statement from Generation Z against Wall Street. As he explained to the New York Times this week in an update interview, he sees crypto as a way to stick it to the man, just as the WallStreetBets crowd does it with regular stocks. Earlier in the month, Glauber still sat on 800,000 dollars.

Advertentie.

Glauber looking for a next investment

When Doge surged to 50 and then even 75 cents this year, Glauber became a millionaire, hitting an all-time-high of about 2.5 million dollar with his Doge investment. By now, that number has dropped to some 650,000 dollars as Dogecoin is dipping to around 17 cents.

Still up several thousands of percentage points for the year, but Glauber is technically no longer a millionaire. He is convinced to have found another investment that is sure to shoot up in 2022 though, as he explained in an update interview to The Daily, the very popular podcast series of the NYT just yesterday.

Asked as to his status as a Doge millionaire now, Glauber admitted:

Dogecoin is at its lowest point since it took off it’s about $0.16 right now which is insane because for the majority of the year it stayed around $0.30 and I tell people this all the time: $0.25 or above I’m a millionaire so for the majority of the year, I’ve been a millionaire.

$100,000 of my own money

When explaining what he would do next, Glauber surprised the interviewer by admitting he had finally diversified in yet another memecoin.

He stated:

Another coin that I’ve invested in very heavily since we last spoke is a Floki. It is also another memecoin but Floki is named after Elon’s dog which is a shiba inu dog. I’ve been kind of slowly putting more and more money into it. I’ve been buying a lot of dips I have well over $100,000 of my own money invested in Floki right now, it’s probably my second biggest investment in a coin since Dogecoin.

We are sure to visit with Glauber in 2022 again to check how his portfolio is doing.

benburdayimzaten / Depositphotos.com