Why You Shouldn't Follow in This Dogecoin Millionaire's Footsteps

Despite all the skepticism around the newest it-crypto, Dogecoin (CRYPTO: DOGE) has made at least one millionaire so far. His name is Glauber Contessoto, and after investing over $180,000 in the cryptocurrency back in February, he saw his Robinhood balance climb to over $1 million by mid-April, earning a nearly 700% return.

Contessoto took some huge investing risks, and they paid off for him. But if you're hoping to pull in similar returns by following his strategy, you might want to rethink that. Here's why.

Image source: Getty Images.

Source Fool.com