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Goldman Sachs senior official Aziz McMohan has quit his 14 years old job after making millions of dollars by selling Dogecoins. He was headquartered in the London office and the news of quitting his job has created a stir in the crypto world.
- The banker has worked with Goldman Sachs for 14 years
- he made the money investing on his account
Senior MD, Aziz McMohan from Goldman Sachs has quit his jobs after making millions of money by selling his Dogecoins. McMohan was responsible for leading the emerging market sales at the Goldman Sachs London office.
Dogecoin, which started as a joke crypto asset, was dipped following Tesla CEO Elon Musk calling it a hustle during his recent live chat show. The popularly known as the meme-crypto might have been seeing a low phase, yet it has risen by more than 1000% in value this year.
The currency has grown exponentially since the starting of 2021 and it feels that many people have gotten rich by selling the currency and making millions of dollars from Dogecoins. The powerful supporters, who are powerful entrepreneurs of Dogecoins are Elon Musk, whose tweets decide the prices of the asset, the rapper Snoop Dogg, and the kiss bassist Gene Simmons has helped this digital asset to soar in value similar to bitcoin in recent months.
The price of the coin is $0.50. It has dipped to more than 30% this week, after the Musk appearance on the Live Chat show Saturday Night Live. on the news about McMohan quitting the job after making millions of dollars, it has appeared that the amount that he made by selling dogecoin is still unknown.
The banker has worked with Goldman Sachs for 14 years. As per the sources, it is believed that he made the money investing on his account and was not involved in trading cryptocurrencies for Goldman Sachs.
Dogecoin was formed in 2013 by two engineers from IBM and Adobe, the digital currency spiked like a rocket in value amid a wave of speculation in crypto investment. The prices also soar because of the growing interest of people in digital currency from investment banks and large money managers.
Since the digital coin is much in news, it has become a favorite for many as of now. Recently, Musk has also hinted that the electric car maker can accept the dogecoin currency as a mode of payment method for its vehicles. Musk ran a Twitter poll to ask if his followers want Tesla to accept it as a payment option. He got a positive reply from many of the microblogging sites.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
