Post
Topic
Board Economics
Re: Do you see yourself quitting after this bullrun?
by
fulcare
on 25/05/2021, 19:37:23 UTC
"Goldman Sachs banker quits after making millions on cryptocurrency" - That's the headline on one of CNBC article

Quote
~ Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency ether, three former employees at the investment bank told CNBC.

~ McMahon is believed to have cashed in at least £10 million ($14 million) worth of cryptocurrency, the sources said.

~ When approached by CNBC, Goldman Sachs confirmed McMahon’s departure but declined to comment any further.

I purposely left out the coins he bought and profited from because it's irrelevant. The guy must be earning big already given his former position but it took investment in cryptocurrency to quit his job.

How about you? Do you see yourself quitting your day job after this current bullrun? I hope you make enough to start with a business of your own.

Well, if you picked the right horse either during the bull run in 2017 or the bull run that was now happening, what kind of job can compete with the returns you could have made in crypto? Imagine you love cartoons and put a million USD into Dogecoin in June 2020, what on earth would you have as your daily job that earned you as much as Dogecoin if you held it for almost a year?