SlumDoge Millionaire Is Rich Again And Arkansas Offers $10k Bitcoin For A Move
Glauber Contessoto, the original SlumDoge Millionaire, starts off 2022 with a bang and Arkansas is offering $10k in Bitcoin to tech workers and entrepreneurs to move to the state.
And would you know it, when looking at CoinMarketCap, Bitcoin has actually gone up in the past seven days (only 3.5%, but still). Ethereum managed to add 6% in the past seven days, Binance Coin 15%, Cardano 16% and Terra 24%.
Are we seeing a crypto rebound?
Glauber Contessoto, the 34-year-old musician from Los Angeles who sold all of his belongings and put them all into Dogecoin, must have thanked Elon Musk this week. In a recent interview with the New York Times, Glauber admitted that he was only a true Doge millionaire whenever the memecoin is trading above 20 cents.
Given that Musk tweeted about Tesla now accepting Doge as payment for certain products, Doge briefly surged to 20 cents indeed. It is now back down again, but Glauber believes his luck in 2022 will return.
Arkansas Offers $10k Bitcoin
The California Exodus is a real thing. The term coined by the media describes how rich tech workers and entrepreneurs have left the state during the pandemic and searched for lower taxes and cheaper housing as they understood their job could be done from anywhere.
Elon Musk, he again, made it into a real thing when he moved his Tesla headquarters from California to Texas. The fact that it saved him $2.5 billion in lower taxes might have also helped.
The Lone Star State as well as Florida have been the greatest recipients of new citizens to their state and thanks to the fact that tech workers make a higher than above salary, even with the lower tax bracket in their region, it still means their state coffers are getting filled quicker. Bad luck for Los Angeles and San Francisco of course.
One state that has been looking on with envy lately is Arkansas, next to Texas. Not so anymore apparently as a local nonprofit is now offering $10k in Bitcoin (and a free bike) to move to there. The organization aims to turn their region into a crypto hub.
Other states are interested to see if the offer yields results.