Heâs a Dogecoin millionaire. And heâs not selling
Weâre sorry, this service is currently unavailable. Please try again later.
Dismiss
By Kevin Roose
Save
Normal text size
Advertisement
In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns.
âThey were all like, youâre crazy,â he said. âItâs a joke coin. Itâs a meme. Itâs going to crash.â
Glauber Contessoto, a Dogecoin millionaire, at his home in Los Angeles
Credit:Samuel Trotter/The New York Times
Their scepticism was warranted. After all, Dogecoin is a joke â a digital currency started in 2013 by a pair of programmers who decided to spoof the cryptocurrency craze by creating their own virtual money based on a meme about Doge, a talking Shiba Inu puppy. And investing money in obscure cryptocurrencies has, historically, been akin to tossing it onto a bonfire.