According to an eFinancialCareers report, the MD of Goldman Sachs, London branch reportedly quit after making millions from Dogecoin.
Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in London, resigned from the company after making more money from Dogecoin.
Neither Goldman nor McMahon confirmed departure but colleagues confirmed his departure. After exiting the company, McMahon may start a hedge fund.
Space-X and Tesla chief Elon Musk’s favourite cryptocurrency gone up more than 130 fold this year. Space-X announced the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Musk’s commercial rocket. The Company is accepting the meme-inspired cryptocurrency Dogecoin as payment for this mission.
However, Dogecoin loses a third of its price after Musk called it “hustle” during guest host spots on Saturday Night Live (SNL).
McMohan isn’t the only one moving towards the booming crypto craze. Luyi Zhang, the former senior quantitative analyst at Bank of America in New York, started working at Coinbase as a senior software engineer. Jesse Bornstein, who launched Nomura’s trade finance business in New York, recently quit becoming VP of Institutional Sales at Stakehound. Stakehound issues tokens allowing owners access to decentralized finance.