Goldman Sachs MD Becomes Dogecoin (DOGE) Millionaire, Quits Company

By Bhushan Akolkar
Published May 11, 2021 Updated May 11, 2021
Best Buy In

Exchanges

Sportsbook

Wallet

dogecoin

Goldman Sachs MD Becomes Dogecoin (DOGE) Millionaire, Quits Company

By Bhushan Akolkar
Published May 11, 2021 Updated May 11, 2021

The latest market rally for Dogecoin (DOGE) has helped investors become crypto millionaires. The latest report in the town is that a London-based Goldman Sachs executive has become a millionaire with his Dogecoin investments.

advertisement

As per the report from eFinancialCareers, Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in London, resigned from the company after minting millions as DOGE price touched record highs last week.

Sources from the company have also confirmed the news with the publication. Besides, there’s also the news that McMohan could be starting his own hedge fund.

Just like 2017, the latest crypto market is expected to have made a few millionaires on the way. The Dogecoin frenzy has been taken far with support from billionaires like Elon Musk. On Monday, May 10, Elon Musk’s space exploration company SpaceX also announced that it shall be accepting Dogecoin (DOGE) payments for its next space mission in 2022.

The DOGE price, however, has corrected significantly since its all-time high of $0.70. In the latest crypto market correction, Dogecoin (DOGE) has tanked another 14% dropping below $0.50 to $0.47 at press time.

Crypto Markets offering Lucrative Opportunities

Top executives from financial companies are moving to grab the lucrative opportunities in the rapidly evolving crypto space. Luyi Zhang, a former senior quantitative analyst at Bank of America in New York has recently joined the crypto exchange Coinbase as a senior software engineer.

Jesse Bornstein, the man behind launching Nomura’s trade finance business recently joined as the VP of institutional sales at Stakehound. This crypto firm facilitates token issuance allowing users to get access to decentralized finance (DeFi).

Over the last weekend, John Dalby, the CFO of the world’s largest hedge fund Bridgewater Associates left the company to join Bitcoin trading and custodial services provider NYDIG. Dalby noted:

“The growth of NYDIG has been incredible. Every day, more industries come to understand Bitcoin’s potential and more clients seek ways to safely access it. Personally, I share NYDIG’s vision for Bitcoin’s ability to propel economic empowerment for all. I eagerly look forward to doing my part to help NYDIG deliver innovative Bitcoin solutions to institutions and individuals.”

It is clear that the tide is clearly moving away from traditional finance and to the crypto market.

advertisement
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan Akolkar
724 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Loading Next Story