A Goldman Sachs executive resigns after making a fortune on cryptocurrency investments! Aziz McMahon, a Goldman Sachs Executive, has quit after a very lucrative bet paid off, according to three former employees at the investment bank.
McMahon is believed to have cashed in at least $14 million dollars worth of cryptocurrency.
McMahon is said to have invested in Dogecoin as well as Ether. Ether has risen more than 400% since the start of 2021. Created about 6 years after Bitcoin, Ether is based on a different technology known as Ethereum.
Bitcoin and other cryptos have fluctuated wildly lately. The market shed as much as $365.85 billion on Wednesday after Elon Musk that said Tesla would stop accepting Bitcoin payments due to environmental concerns over the cryptocurrency.
Elon Musk’s favored cryptocurrency is Dogecoin, a token that started out as a joke in 2013. Inspired by the meme “doge”, which features a Shiba Inu dog, Dogecoin was intended as a “fun” alternative to Bitcoin.
What do you think? Let us know on our Facebook page!