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The director of a Netflix show, Carl Erik Rinsch, reportedly made a fortune of $27 million by gambling around $4 million of his show’s budget on Dogecoin (DOGE). This investment turned out to be a huge success for him in the wildly volatile crypto industry. Rinsch had initially received a budget of $44 million for his show and later asked for additional funding, receiving $11 million on the condition that he finished the show. However, he used a significant portion of this funding, around $10.5 million, to invest in stocks and crypto. Out of this, he invested over $4 million in DOGE. In May 2021, Rinsch liquidated his assets and walked away with approximately $27 million, thanks to his successful bet on cryptocurrencies. Interestingly, his investments in so-called safe stocks resulted in losses of around $6 million. Rinsch used the money earned from his investment to purchase personal items such as high-end furniture, designer clothing, luxury watches, and several luxury cars. He argued that these items were props for the show in a legal case against Netflix, where he claims the streaming service owes him $14 million for breaching its contract and damages. Despite the drama surrounding his investments and spending, the principles of investing in the cryptocurrency market remain the same. Analysts often advise investors to buy low and sell high, but impatience often leads to failure. Rinsch had to wait for about a year before turning his $4 million into $27 million. The current phase of the market is bearish, with DOGE and a significant part of the market down by more than 80 percent. However, this presents an opportunity for low-risk, high-reward investments, as DOGE is expected to retest its all-time high during the next bullish wave. It is important for readers to do their own research before making any investment decisions in the cryptocurrency market.