At a recent Bitcoin investment conference in Manhattan, billionaire investor Michael Novogratz drew attention with a surprising regret: not investing in meme coin Dogwifhat (WIF). While the conference focused on the growing adoption of Bitcoin, Novogratz’s witty comment about the Dogwifhat-themed cryptocurrency and his fear of regulatory scrutiny for his involvement highlighted the unexpected rise of Dogwifhat and its rise to the third most prominent meme coin. His comment comes at a time when WIF is up 2,552% to a new all-time high (ATH) of $4.47.
Novogratz regrets not investing in meme coin
Billionaire Michael Novogratz regrets not holding his meme coin Dogwifhat (WIF). American billionaire crypto investor Michael Novogratz humorously expressed his regret for not holding the fastest-growing Solana meme coin Dogwifhat (WIF). Novogratz made the statement at a recent conference in Manhattan, as noted in a recent report from Bloomberg.
The conference was about Bitcoin’s rise to mainstream investing. But during the summit, attendees were impressed not by the massive cryptocurrency but by newcomer WIF, which featured a logo of a dog wearing a cozy knit hat. During discussions led by industry dignitaries and top executives from financial giants such as BlackRock, Galaxy Digital’s CEO Novogratz playfully expressed his regret over his lack of a relationship with Dogwifhat.
Billionaire fears regulators
“As much as I want to, I’m not doing this,” Novogratz joked, making the audience laugh. Interestingly, the billionaire Bitcoin investor revealed that he fears scrutiny from the US regulator if any involvement in the Solana meme coin is disclosed. Novogratz said:
I’m afraid that if I just tweet ‘God, I like Dogwifhat’ like Arthur Hayes, I’ll be fully investigated by the CFTC two days later.
WIF price skyrocketed
Novogratz’s comment comes especially amid Dogwifhat’s shocking price performance over the past three months. cryptokoin.com As we reported, WIF rose to an all-time high of $4.47 today. That means it’s up a staggering 2,552% from its low of $0.07846 at the end of last December.
Following this explosive rise, the Solana meme coin has become the third most prominent crypto asset in the world of joke coins. It surpassed PEPE in the rankings, creating a difference of more than 1 billion dollars between them. WIF’s trajectory places it just behind Shiba Inu and Dogecoin. However, the asset remains much further behind SHIB by a whopping $14 billion gap.
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