Michael Novogratz said people could make a “big fortune” using meme cryptocurrencies. It is only important to choose a suitable token for investment - this is the first way to earn money. However, people buying this kind of token must have a good sense of humor and be able to laugh even if something goes wrong. Novogratz noted that even his son-in-law is buying memcoins.

“Yes, my brother-in-law invests in memtokens. I didn't even think this could happen until I met this guy. He's just making money from memes. He loves Doge, he loves Dogwifhat. You know, when you first hear about Dogwifhat, you just laugh. And now its market capitalization is approaching $3 billion,” Novogratz said.

However, not all crypto enthusiasts support memcoins, comparing them to casino chips. Thus, Permission.io CEO Charlie Silver objected to Novogratz, saying that memtokens cannot be called a fundamental element of the crypto-economy.

Recently, Ethereum co-founder Vitalik Buterin also criticized digital coins issued by celebrities. According to Buterin, memcoins are meaningless and do not bring practical benefit to society.