A senior executive of banking giant Goldman Sachs left the company after making a massive profit from the cryptocurrency Dogecoin (DOGE), which was allegedly born as an internet joke.
According to The Guardian, Aziz McMahon, former managing director of Goldman Sachs and head of new market sales, made a substantial profit from his DOGE savings and gave his resignation.
Although it is not fully disclosed how much McMahon has made, it is estimated that this amount is extremely large, considering that the coin has shown a very significant increase in value this year.
According to the sources, McMahon was investing in cryptocurrency using only his personal account and did not trade cryptocurrencies for Goldman Sachs.
McMahon did not respond to Cointelegraph’s request for comment.
Dogecoin, which has achieved success this year in a row, surpassed Bitcoin (BTC) in terms of searches on Google. The cryptocurrency has gained 13,500 percent since the beginning of the year and rose from $ 0.005 to an all-time high of $ 0.68 as of May 7, according to CoinMarketCap data.
Launched in 2013 by IBM’s software engineer Billy Markus and Adobe engineer Jackson Palmer, Dogecoin is a cryptocurrency inspired by Shiba Inu dogs and created entirely as a joke.
Dogecoin is trading at $ 0.49 as of the time of translation release.