‘Up until yesterday, I had been a millionaire’: This 33-year-old dogecoin investor refuses to sell despite losing over $167,000 in one day – CNBC

‘Up until yesterday, I had been a millionaire’: This 33-year-old dogecoin investor refuses to sell despite losing over $167,000 in one day – CNBC

Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he’d become a millionaire — and on April 15, he did.

But on Monday, the top cryptocurrencies by market value — including bitcoin, ether and dogecoin — started to crash following news of a crackdown in China, CNBC reported.

With losses extending on Tuesday, Contessoto’s portfolio, which contains only dogecoin, was hit. His holdings are down over $167,000 on Tuesday alone, he tells CNBC Make It, and his portfolio was worth $831,538.88 as of Tuesday at 4:40 p.m. EST, he says.

“Up until yesterday, I had been a millionaire,” Contessoto, 33, says. “If bitcoin and ethereum weren’t also [hit], I’d be worried.”

Glauber Contessoto’s dogecoin holdings via Robinhood on June 22.