The cryptocurrency market has transformed the financial status of a lot of people. Many stories abound of people who sold all their property to invest in top crypto coins and later reaped big when their investments paid off. One such person is a Netflix executive who invested $4 million, part of a movie budget, in Dogecoin (DOGE) and made $27 million on liquidating his holdings.
Is it advisable to take the risk taken by Netflix show creator Carl Erik Rinsch?
Who Is Carl Erik Rinsch?
Carl Erik Rinsch is the creator of “47 Ronin”, a 2013 film starring Keanu Reeves. The 46-year-old movie director won a $61 million contract with Netflix in 2020 to produce a science fiction TV Series. However, Rinsch used the money from Netflix for other purposes and failed to make the series. Rinsch preferred to buy Dogecoin (DOGE) over making the series.
Carl Erik Rinsch wins big from Crypto
Of the $61 million worth contract, Rinsch received $55 million in two tranches. The first tranche of $44.3 million was spent between 2018 and 2020 when production allegedly happened.
Netflix paid Rinsch an additional $10 million to ensure the completion of the project. However, Rinsch decided to spend this second tranche speculating on stocks and lost close to $6 million.
With the remaining $4 million, Rinsch bought Dogecoin (DOGE) on the now embattled crypto exchange, Kraken. A few months later in May 2021, Rinsch decided to cash in his Dogecoin (DOGE) stock and withdrew $27 million from his wallet.
Unfortunately for Rinsch, he spent his Dogecoin (DOGE) profits frivolously buying an expensive watch and several Rolls Royces, allegations brought to light after his wife hired a forensic account to audit him during their divorce.
VC Spectra (SPCT): The next step for Carl Erick Rinsch
To maximize the Dogecoin (DOGE) profits, Carl Erick Rinsch should consider reinvesting his funds in VC Spectra (SPCT). It is a unique DeFi concept operating as a decentralized venture capital company. Investors of diverse experience pool their funds and invest in new ICOs and profitable tech companies. Furthermore, VC Spectra (SPCT) utilizes AI to enhance profitability.
Moreover, VC Spectra (SPCT) has a team of professionals who manage investment risk by ensuring only companies with potential for profitability receive funding. Consequently, they oversee VC Spectra’s (SPCT) investment activities to ensure it is profitable and growing while securing investor funds.
To buy VC Spectra (SPCT) Rinsch would have to participate in the continuing public presale. It is divided into stages and is now in the fifth stage. Each stage has its own price, and early investors have made an 862.5% profit following the recent 16.6% surge to $0.077 in the beginning of the fifth presale stage. For an astute investor, Rinsch may have bought at the first stage at $0.008 and may have already earned massive profits as he awaits the final presale stage.
Another reason why VC Spectra (SPCT) would be the best crypto to buy, is its massive 900% ROI promise in its ongoing public presale. However, the recent price surge shows it will achieve higher than the estimated gains. Therefore, VC Spectra (SPCT) would help Rinsch rebuild his investment capital and build his net worth. Additionally, a generous bonus would see him own more SPCT tokens, guaranteeing higher returns.
Additionally, VC Spectra (SPCT) investors gain access to new blockchain tokens at the ICO or public presale stage. Consequently, it enhances their earnings from VC Spectra (SPCT) quarterly dividends and profit buybacks.
Learn more about the VC Spectra (SPCT) presale here:
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