Aziz McMahon, Managing Director, Emerging Market Sales in the London office of Goldman Sachs, has reportedly left the investment bank where he worked for more than 14 years after making “millions” on his Dogecoin (DOGE) investment.
While neither Goldman Sachs nor McMahon have confirmed or denied the news, sources have not been disclosed told News site efinancialcareers.com that he may set up a hedge fund with the profits from the cryptocurrency.
At the time of writing, McMahon’s LinkedIn was profile remains unchanged and lists Goldman Sachs as its current employer. Goldman Approved McMahon’s departure to Markets Insider, however, provided no reason, while McMahon did not respond to a request for comment.
On Reddit, some users have been impressed by McMahon’s bold decision to appreciate how much he must have made of his cryptocurrency trading activities in order to quit a well-paying job.
“Key here is” GS Managing Director. “Depending on the department, he took in at least $ 400,000 a year before the bonus. Throwing a few thousand dollars into Doge is no big deal and makes it a lot easier to have steel balls when you do don’t need the money. ” wrote A commenter named Sweaty-Rope7141.
The latest development comes to Tesla and shortly after Dogecoin slumped last weekend SpaceX Supremo Elon Musk calls the token a “hustle“On the live comedy show Saturday Night Live.
“I feel that in the case of DOGE, the institutions have rightly benefited from it. The market was completely irrational and they identified it. “ said another redditor.
At 11:45 UTC, DOGE, in 5th place by market capitalization, is trading at USD 0.51 and up almost 1% per day. The price is up nearly 700% in a month and 20,893% in a year.
McMahon wouldn’t be the only finance manager leaving a legacy finance job because of crypto. Luyi Zhang, former senior quantitative analyst at Bank of America, joined Coinbase as Senior Software Engineer and Jesse Bornstein who was launched NomuraThe New York trade finance business recently left his job to join Stakehound, a company that issues tokens that give its owners access to decentralized financial services, as vice president of institutional sales, according to the news site.