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A Banker From Goldman Sachs Resigns After Making Millions From Crypto Investments

Industry sources said that Goldman Sachs executives resigned after profiting from cryptocurrency investments. Goldman Sachs managing director and head of emerging markets sales in London, Aziz McMahon (Aziz McMahon) resigned after betting millions of pounds on the digital currency ether, three former investment bank employees told reporters.

Due to the sensitivity of the discussion, all former employees who knew McMahon personally wanted to remain anonymous. According to sources, McMahon is believed to have cashed in at least 10 million pounds (14 million US dollars) in cryptocurrency.

Previous reports from eFinancial Careers and The Guardian stated that McMahon left Goldman Sachs after making money from Dogecoin. McMahon can also have Dogecoin. According to eFinancialCareers, he is believed to have established his own hedge fund.

When contacted by reporters, Goldman Sachs confirmed McMahon’s departure but declined to comment further. When the reporter reached out to McMahon via LinkedIn, he did not immediately comment on the matter.

Since early 2021, Ether, which has invested in McMahon’s digital asset, is said to have risen by more than 400%. Ether and Ethereum are often used interchangeably to describe currencies.

Bitcoin and other cryptocurrencies have been volatile recently. On Wednesday, the entire market fell to $ 365.85 billion after Elon Musk tweeted that his electric car company Tesla will stop accepting Bitcoin due to environmental concerns about paying for cryptocurrencies.

Musk’s favorite cryptocurrency is dogecoin, which was originally a joke in 2013. Inspired by the “Doge” meme, Dome comes with a Shiba Inu dog and cartoon-style text, and its creator uses it as a “fun alternative. “to” fun “. Bitcoin

Since then, it has gained more and more online communities and has now become CoinMarketCap’s fourth largest digital asset in terms of market capitalization. Although advocates like to call it the “people’s” cryptocurrency, investors are warning Dogecoin as a sign of a bubble in the cryptocurrency market.

 

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