The Guardian was unable to ascertain the precise amount of wealth amassed by the banker. However, it is evident that the financier has amassed enough capital to retire without hesitation after 14 years with the institution.
His affiliation with the bank should not have influenced his investments, as this was exclusively a personal venture for the banker. Goldman Sachs recently launched a trading platform for cryptocurrencies, reversing a fundamental decision made in 2018 to distance itself from the crypto market.
Anyone slightly familiar with Dogecoin may find the reported success of the Goldman Sachs banker surprising. After all, Dogecoin is often regarded more as a joke than a serious cryptocurrency. Experts continuously remind investors of the risks associated with this asset.
Nonetheless, the London banker must have been able to accumulate millions by liquidating positions at an all-time high of $0.7376 per token. To achieve this, he would have had to invest in the cryptocurrency at an early stage.
Currently, the total return on investment for Dogecoin stands at approximately 83,000%. For every ten dollars MacMahon invested in DOGE when few anticipated any growth for Dogecoin, he could have earned around $8,300. With an investment of $10,000, a maximum return of $8.3 million is possible.
