Cryptocurrency is a popular investment among Americans with a net worth of at least $1 million. Over two-thirds (68%) of this group own cryptocurrency, according to recent research by The Motley Fool.

But what’s most surprising is that 86% of millionaire cryptocurrency investors have purchased meme coins, such as Dogecoin (DOGE 5.17%) and Shiba Inu. While meme coins normally aren’t recommended, high-net-worth individuals seem to at least dabble in them.

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Before anyone loads up on Dogecoin and its many imitators, there are a few points worth mentioning. This data only indicates that most millionaire crypto investors have bought a meme coin at some point, not that they’ve made meme coins a major part of their…