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The Dogecoin (DOGE) community is well aware of the story of a 33-year-old man who is just 69 days became a millionaire by investing in the Shiba Inu-based digital currency. That said, there are now reports coming in suggesting there’s someone who also invested in the DOGE and made it even bigger.
Dogecoin billionaire
According to Fox Business, an unknown investor invested in the meme crypto and is now hailed the world’s first Dogecoin billionaire after their stock surpassed 11 billion dollars. This, of course, was right after Elon Musk’s very recent tweet about the DOGE. The identity of who made it big remains unknown as of writing, but it is presumed to be the Tesla CEO.
RealClearPolitics Co-Founder and President Tom Bevan seconded this presumption as he pointed out that Musk was a major driving force in Dogecoin’s popularity. He even recalled the time when his son was on the stock trading and investing app Robinhood back when the DOGE’s price “was less than a penny or something.”
When Fox host Dagen McDowell asked about his thoughts on the Dogecoin, Wall Street Journal’s James Freeman responded, “well, I don’t know. How many retailers in your downtown take Dogecoin right now?” He added that, unlike other cryptocurrencies, the DOGE doesn’t limit the amount that can be created.
DOGE and photography
McDowell then threw in her two cents and compared the meme crypto to photography. She explains that folks should be wary of investing in it, especially when the photographer has passed on because the photos can be printed as many times as one can want.
Currently, DOGE sits at $0.35, which is up by 11 percent. It is said that new Dogecoin buyers continue to pop up, most probably due to Mark Cuban’s recent TV guesting on “Ellen.” It is believed to surge even higher when the self-proclaimed “Dogefather” Musk hosts “Saturday Night Live” next week.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
