"I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents."
"Why waste time worrying about hourly fluctuations in doge when we can invest in making memories?" the company CEO said.
Day-trader Eric Hackney is a "thrill-seeking amateur, goaded on by social media," Bloomberg reported.
Investors who have been pondering for months who or what is behind the dogecoin whale wallet may have received a clue in the address' transaction history.
Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. The value of his holdings climbed to $2 million.
It is believed that the former executive will start a hedge fund, according to a report from eFinancialCareers.
One in four people believe "dogecoin is the future," and the same ratio expect it to hit $1 per coin sometime in 2021.
Kevin Lingard said he purchased 230,106 dogecoins in July 2020 in his first investment ever. He's holding his coins, which are now worth over $50,000.