Billionaire Michael Novogratz Regrets Not Investing in Dogwifhat (WIF)
American billionaire crypto investor Michael Novogratz has playfully expressed his regret for not holding onto the rapidly growing Solana meme coin, Dogwifhat (WIF). Novogratz made this remark during a recent conference in Manhattan, where the focus was on Bitcoin’s surge into mainstream investing. However, the attendees were captivated by the newcomer WIF, known for its logo featuring a dog wearing a cozy knit hat.
During discussions led by industry leaders and executives from financial giants like BlackRock, Novogratz jokingly expressed his remorse over not being involved with Dogwifhat. His humorous comment, “I don’t, as much as I want to,” drew laughter from the audience.
Interestingly, Novogratz revealed that he feared potential scrutiny from U.S. regulators if he were to disclose his involvement with the Solana meme coin. He jokingly mentioned that tweeting about his love for Dogwifhat could lead to an investigation by the CFTC (Commodity Futures Trading Commission).
Novogratz’s remarks come against the backdrop of Dogwifhat’s astonishing price performance over the last three months. The coin has experienced a remarkable 2,552% gain, rising from a low of $0.07846 in late December to reaching all-time highs of $4.47 today.
As a result of this explosive surge, Dogwifhat has become the third most prominent digital asset in the meme coin landscape, surpassing PEPE. It now sits just behind Shiba Inu and Dogecoin, but still has a considerable gap of $14 billion between it and SHIB.
Disclaimer: This article is for informational and educational purposes only and does not constitute any financial advice. Readers are advised to exercise caution and seek professional advice before making any financial decisions.