The 'Slum Doge Millionaire' made it big with crypto. His fortune is now vanishing but he's all in

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Crypto has made some investors overnight millionaires but for others it's a fad propped up by celebrity endorsements. Four Corners investigated the hype.

Mr Contessoto initially backed his hunch about Dogecoin with a small investment.

When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. At its highest point, the value of the joke crypto hit $US89 billion – an astonishing figure, given that Dogecoin has little real-world function beyond speculation.Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society.From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry.

Source: Entertainment Trends (entertainmenttrends.net)

 

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This guy is an ediot😂

A BS con artist, virtual money schemes are a con, some get rich at the expense of others.

Whoops, guess he's holding the bag

lmao loser

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