90 Day Millionaire: He Invested in Dogecoin and Became a Millionaire

How perfect timing and risky behavior got him there

Why didn’t I invest sooner!?

Just this week my friend who invested in Dogecoin earlier this year told me he made almost 2k profit from his early small investment in Dogecoin. I was a bit surprised/jealous/kicking myself mentally. Why hadn’t I invested in the crypto earlier when it was less than a penny? Now it’s reached peaks of 60 cents.

I was finally beginning to see why Elon Musk was touting that Doge was crypto for the average person. You see, most of us didn’t understand cryptocurrency when bitcoin first became a thing-so the average Joe missed the bitcoin boat. But now the average Joe has the chance to enter the game.

Presenting Dogecoin millionaire bad boy in 3, 2, 1…

The Dogecoin Millionaire

Jasyn Prolifiq, a 33 year male in Los Angeles put himself all out there.

Like, almost in the most out-there: “are you dumb”, “good god man stop it!”, “no what are you doing!?!?” type of way.

He maxed out his credit cards and put his life savings ($180,000) into Doge when it was 0.05 cents. He said he felt inspired to do this after seeing the beautiful financial Gamestop fiasco earlier in 2021. Can’t you hear his parents and friends screaming in your mind now? I sure can.

And yet, his bet paid off big time! Only 3 months later his holdings are worth 2.7 million!

“I grew up really poor,” he says, “so this is a huge deal for me.” -Prolifiq

It’s the most cliche yet beautiful rags to riches story that humans love to hear. Someone who’s on the down and outs, put’s themselves out there and becomes a total success despite the odds.

And now that Elon hosted SNL and won’t stop yapping about Doge, I can only imagine the meme-inspired cryptocurrency is going to skyrocket to the moon!

The Millionaires Exit Plan

Prolifiq plans to hold his shares until his crypto wallet of Doge hits 10 million, then he’ll sell 1 million worth of his stock, turning his crypto into the regular everyday currency that most of us average folk play with.

Things to think about before investing

Doge is still risky. Even Elon knows this. He’s stated/advised not to put your entire savings into Dogecoin despite how popular it’s getting.

That’s because with this cryptocurrency there’s a HUGE problem.

You see, some individuals own billions of shares worth of Doge. When I say billions I mean one person has 36.7 billion dollars worth of Doge right now. The concentrated wealth amongst a few shareholders means, at the moment, Doge shares could crash if any of them chose to sell one day.

If that ever happened, I imagine it to be a fiasco much like what we saw during Gamestop, except instead of billionaire hedge funds getting screwed over, it’d be the average person that invested their everything (like Prolifiq) into Doge.

But it’s still tempting to go all-in…to live that rags to riches story in a few short months. The inspiration is palpable.