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Here's a list of five ordinary individuals and how they became crypto millionaires in the last decade:
We've all heard stories of the rich getting richer through Bitcoin and other cryptocurrencies. In some cases, these digital assets have even turned millionaires into billionaires. However, reports of normal people finding their way into big money are not so common, but they do exist. And to prove it, we've rounded up five ordinary individuals who are now millionaires, all thanks to nifty investments made in the digital asset space. Let's begin:
1. Glauber Contessoto:
Also known as the 'SlumDoge Millionaire', Glauber Contessoto's rags to riches story is the kind that draws people to crypto. Contessoto comes from a humble background. His family moved to the US from Brazil, and he said he was "really poor" in an interview with CNBC. Before he turned into a millionaire, Contessoto worked at a music company and had also dabbled in stocks for a brief period.
In early 2021, Contessoto heard about Doge and decided to get behind the meme coin. However, with no disposable income to start investing, he sold almost all of his stocks and even borrowed money (in the form of a margin) from the Robinhood app to purchase his Dogecoin. Then tweets from Elon Musk sent prices skyrocketing, and a little over two months later, Glauber Contessoto was a crypto millionaire.