Goldman Sachs MD Quits After Huge Benefits From DOGE

by in Cryptocurrency News

Goldman Sachs employee

A managing director at Goldman Sachs' London branch Aziz McMahon is said to quit the job after receiving huge profits from the Dogecoin investment.

Related: Does Elon Musk plan to accept DOGE payments in Tesla?

The institution later confirmed Aziz McMahon's quitting, but didn't talk about the reasons. According to staff members, it's true that Aziz McMahon made money from DOGE investment. Also, he might start a hedge fund.

Dogecoin's price has seen a significant increase this year. It reached a new all-time high of over $0.73. DOGE is the 4th largest cryptocurrency with a market cap of $66.7 B.

The price was greatly influenced by business magnate Elon Musk's occasional tweets and support. Dallas Mavericks owner Mark Cuban also supports DOGE. The basketball team approved the coin as a means of payment.

Today Elon Musk started a vote on Twitter asking the community if they are in favor or against Tesla's adding Dogecoin as a payment.