Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Goldman’s managing director quits job after making millions from Dogecoin

Published 05/10/2021, 06:14 PM
Updated 05/10/2021, 06:30 PM
Goldman’s managing director quits job after making millions from Dogecoin

Talk about living the Lambo dream. Aziz McMahon, a managing director at Goldman Sachs (NYSE:GS) is finally living the dream of every crypto enthusiast. The Goldman Sachs veteran recently quit his job after making a fortune from Dogecoin.

According to a report by eFinancialCareers, McMahon, who took charge of the bank’s emerging sales department in London, allegedly made “millions” from Doge after the digital asset skyrocketed by over 18,000 percent since the beginning of the year.

Thankfully, after 14 years of working with Goldman, McMahon can now retire in peace, live his Lambo dream, or work elsewhere. Reports have it that the former MD has now launched his own hedge fund following his exit from Goldman.

No one predicted the phenomenal Bull Run of Dogecoin. The so-called “joke coin” has birthed a new generation of millionaires who bought the asset after Tesla’s CEO Elon Musk repeatedly tweeted about it.

Earlier this year, a popular YouTuber Jaysn Prolifiq disclosed that he stroke a seven-figure fortune investing the Dogecoin after investing his entire life savings in the coin in February.

Beyond making early investors millionaires, Dogecoin is also making headway as a payment option. Over the past weeks, several traditional companies have caught the DOGE fever and have started accepting payments in Dogecoin.

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.