He invested $250.000 in Dogecoin: two months later he was a millionaire

Elon Musk advises against investing too much in Dogecoin

Glauber Contessoto was a normal person like millions in the world. However, today it is known as ProTheDoge, a prominent figure in the cryptocurrency space. His story dates back to 2021, when at the age of 33, he made the risky decision to invest his capital to allocate more than $180.000 to buy DOGE, the native cryptocurrency of the DogeCoin network. At the time, the token cost $0.004 per unit.

This bet was no coincidence. This ordinary man, originally from Brazil but residing in Los Angeles, United States, made the decision to make this investment guided by trust in the messages of support from Elon Musk towards DogeCoin, through the social network Twitter, which is now called X and is owned by the same billionaire. Two months after its purchase, the Doge price shot up to 45 cents. This turned Contessoto's $180.000 into almost 3 million dollars.

Reddit, Contessoto's fame and public criticism

After achieving the multiplication of its capital, Contessoto posted on his Reddit account that his life had changed, which he did with the words: "I just became a DogeCoin millionaire." It was then that he went viral and established himself as ProTheDoge within the crypto community and the DeFi ecosystem.

However, not everything was sweet fame. When The market fell and the value of DogeCoin plummeted Following the announcement that Tesla would accept cryptocurrency as payment, but not for its vehicles, but for accessories, Contessoto faced strong criticism of followers. They blamed him for their financial losses by imitating him.

Nonetheless, He remained true to his conviction and decided to invest even more in DOGE. at a low price and trusting that the currency would eventually recover its value. Indeed, his strategy yielded positive results, as it soon reached 30 cents, driven in part by Donald Trump's victory in his first term.

Recall that the American president and businessman He is a figure recognized for his firm support for cryptocurrencies. So, Contessoto regained his status as a DogeCoin millionaire.

In addition to his new earnings, he used his influence and fame on social media to boost his career. The result is a YouTube channel who, at birth, had 115.000 subscribers and that today accumulates almost 3 million.

DOGE continues to grow

With the recent rally in the cryptocurrency market, which began in January 2025, DOGE has once again seen significant growth. Contessoto's fortune, which was estimated (in 2021) at 45 million DogeCoin network tokens by the last week of March 2025 exceeds 7 million 500 thousand dollars. According to the so-called DOGE millionaire, DogeCoin was always a bet based on convictions. He also stated that once inside the world of cryptocurrencies, Bitcoin, blockchain technology, and ultimately Doge, was completely certain that this is a technology that is not only here to stay, but will thrive in the future.

When the Fortune reporter tried to confirm the exact amount of his investments, Contessoto declined to provide details., but his investment portfolio in various cryptocurrencies is believed to exceed 10 million.

DOGE and the White House

DogeCoin has experienced growth since its inception to today from $0.00026 per unit to $0,1679 per unit. On January 20, 2025, with the inauguration of President-elect Donald Trump and, later, with the appointment of Elon Musk as White House advisor and lead creator of the newly established Department of Government Efficiency, known by its acronym DOGE, in reference to the entrepreneur's favorite cryptocurrency, this token has remained stable in terms of price.

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However, since the beginning of the Trump Administration, DOGE has been under constant scrutinyElon Musk, a Trump ally since his election campaign, plays a crucial role in this government project.

His management at the head of this has generated controversy due to decisions affecting other federal agencies across the United States. These include mass layoffs of public officials, unprecedented access to federal systems and databases considered strategic and the cancellation of government contracts.

What is Donald Trump and Elon Musk's DOGE?

DOGE is a recently created organization, whose main purpose is to optimize government resources. The blockchain network has denied that this US state entity has any relationship with the DogeCoin Foundation and they attribute it to mere grammatical coincidence.

Elon Musk has said several times that DOGE will achieve its goals through the reduction of public spending and the rationalization of state operations. However, this DOGE is nothing like the story of Glauber Contessoto and his idol, the billionaire CEO of Tesla and SpaceX, is at the center of controversy not only in the United States, but worldwide.

Although the initiative is presented as an effort to improve efficiency, has been criticized by abuse of legal authorityAccording to the Trump administration, DOGE has already generated billions of dollars in savings for the government.

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However, in reality drastic measures cAs the elimination of the United States Agency for International Development, known as USAID and the assumption of control of institutions such as the United States Institute of Peace or USIP have been seen as strategic losses for the United States and Mistakes the Trump administration will pay for later.