The recent surge in the price of the Dogecoin cryptocurrency has allowed an internet investor to become virtually multi-billionaire. This single individual indeed holds 28% of all of this digital currency launched in 2013 by two Californian engineers for fun. This person is thus at the head of a capital of 2.1 billion dollars (1.7 billion euros), estimated the Wall Street Journal, relayed by Business Insider.
The value of all Dogecoins in circulation reached $ 6.6 billion (around 5.5 billion euros) on Wednesday. The virtual currency bearing the image of a dog well known to memes lovers initially had the sole purpose of parodying Bitcoin. Created in three hours, it had remained in the shadow of other cryptocurrencies until the beginning of the year 2021.
Boosted by the celebrity craze
The craze of several celebrities around Dogecoin led to a jump in its value which saw a rise of 31% in a single day, on February 9, after Snoop Dog and Elon Musk mentioned the currency on Twitter. The CEO of Tesla has spoken out on this virtual currency on several occasions, calling Dogecoin “people’s currency” on February 4. He also announced that he bought some for his son.
Dogecoin is the people’s crypto
— Elon Musk (@elonmusk) February 4, 2021
Some observers even wondered if he was not the person who owns the 28%. The identity of the billionaire in Dogecoins has indeed remained unknown.