Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. But I still get a lot of hate from people. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he'd become a millionaire and on April 15, he did. Thanks for contacting us. I've already decided that whatever happens, happens. ", Sign up now: Get smarter about your money and career with our weekly newsletter, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. After hitting a record high on May 8 of around 73 cents, the digital coin fell to around 47 cents on May 9, and Contessoto invested another $17,500, he previously said. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. Benzinga does not provide investment advice. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. 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On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. Los Angeles-based Glauber Contessoto became a millionaire on April 15, 2021, 69 days after investing his life savings - over $250,000 in dogecoin in February. In a tweet in April, he claimed to be the , And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today, Contessoto, who works at a Los Angeles hip-hop media company, according to the. Kardashian's post brought in new investors and pumped up the volume of trading. Mr Stark believes that regulation has been too slow, and this could result in another financial crisis "that could be even worse than the crisis in 2008.". When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Net Worth: Relationship: Single Kids: Edit this Information. "Woo-wee, a bloodbath, right? Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. "I see Dogecoin as more honest about what it actually is," she said. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. Blood in the streets, right?" he told his many online followers in a video. 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That was worth more than $7,000 at the time I interviewed them together. His comments follow Augustreportsthat Marvel partnered with VeVe to launch its first NFT collection featuring popular superhero Spider-Man with prices ranging between $40 and $400. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. The biggest blessing from all this is the online community I've built. The leading community for cryptocurrency news, discussion, and analysis. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. Do Not Sell My Personal Data/Privacy Policy. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "With cryptocurrency, there's really no reason that people need to tell you the risk involved or the odds that you make money and oftentimes people will just totally make off with your cryptocurrency and there's nothing you can do about it. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". So there's a lot of frustration, there's a lot of negativity, there's a lot of people wanting to find a scapegoat or wanting to find a target to spread this hate to. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". What is the Basketball Player J.R. Smiths Net Worth? But Altman said her clients are along for a wild ride. Amid the rout, Mr Contessoto was counting the cost. "It's a joke coin. They gave me half upfront, and the other half when I deliver the video.". Join the tribe of 1000+ members now. Is cryptocurrency financial kryptonite? Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. "It's getting crazy in this crypto market, right? Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. Courtesy of Glauber Contessoto and Rodrigo Ramos. In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. "That's about six months salary at my old job," Contessoto says. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Meanwhile, however, the entire crypto market is suffering at the moment. ", Investors are mounting big bets against these 2 A.I. 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Glauber Contessoto, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. OMI Price Action:As of press time, Ecomi is trading at $0.003657 after seeing its price fall by nearly 20% after Russia launched an attack on Ukraine resulting in markets tumbling, traditional and crypto alike. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). But as we all know, cryptocurrencies have been undergoing a lull lately. ; s a joke, earlier this year 100,000 worth of bitcoin at age 15, founded the teaching Botangle! 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