A Goldman Sachs executive is quitting his job after reportedly making a fortune trading Dogecoin.
Based in London, Aziz McMahon, managing director and head of emerging market sales, had been with the U.S. investment bank since 2007, according to his LinkedIn profile.
This year its dollar value has increased dramatically, with internet hype and celebrity endorsements, including frequent mentions from Tesla CEO Elon Musk.
His appearance on Saturday Night Live last weekend set off a 40% slump in the cryptocurrency after he joked that Dogecoin is a “hustle” although it has since rebounded and is still up by more than 1,000% since the start of 2021.
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