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Billionaire Michael Novogratz Regrets Not Jumping on Dogwifhat (WIF)

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Billionaire Michael Novogratz Regrets Not Jumping on Dogwifhat (WIF)

American billionaire crypto investor Michael Novogratz has wittily expressed regrets for not holding the fastest-growing Solana meme coin, Dogwifhat (WIF). Novogratz made the remark at a recent conference in Manhattan as captured in a recent report by Bloomberg.

The conference was about Bitcoin’s surge into mainstream investing. However, during the summit, attendees were captivated not by the behemoth cryptocurrency but by the newcomer WIF, distinguished by its logo of a dog donning a cozy knit hat.

Amid discussions led by industry luminaries and top executives from financial giants like BlackRock, Novogratz, the CEO of Galaxy Digital, playfully expressed remorse over his lack of involvement with Dogwifhat.

“I don’t, as much as I want to,” Novogratz joked, drawing laughter from the audience. Interestingly, the billionaire Bitcoin investor disclosed that he feared scrutiny from the U.S. regulator should he disclose an involvement with the Solana meme coin. In his words:

I just fear if I tweet ‘God, I love Dogwifhat like Arthur Hayes does,’ I will literally be investigated two days later by the CFTC.

Notably, this commentary from Novogratz comes amid Dogwifhat’s shocking price performance within the last three months. WIF has soared by a staggering 2,552% gain from a low of $0.07846 in late last December to new all-time highs of $4.47 today.

Following this explosive surge, the Solana meme coin has become the third most prominent digital asset in the meme coin landscape. It knocked out PEPE on the rankings, with a gap of over $1 billion now between them. Emphatically, WIF’s trajectory puts it right behind Shiba Inu and Dogecoin. However, the asset is much further behind SHIB, with a formidable $14 billion gap.

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